Franklin Resources Inc. Grows Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Franklin Resources Inc. lifted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 521.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 610,028 shares of the software maker's stock after purchasing an additional 511,900 shares during the quarter. Franklin Resources Inc. owned about 2.18% of Agilysys worth $80,347,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Harbor Investment Advisory LLC boosted its position in Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after purchasing an additional 193 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Agilysys by 381.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock worth $57,000 after buying an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Agilysys in the 4th quarter worth about $61,000. Assetmark Inc. acquired a new stake in Agilysys in the 4th quarter valued at about $115,000. Finally, KBC Group NV increased its holdings in Agilysys by 71.3% during the 4th quarter. KBC Group NV now owns 1,127 shares of the software maker's stock valued at $148,000 after acquiring an additional 469 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company's stock.

Agilysys Trading Up 3.9 %

Agilysys stock traded up $2.64 during trading on Tuesday, hitting $69.83. The company's stock had a trading volume of 74,359 shares, compared to its average volume of 253,824. The stock's fifty day moving average is $79.81 and its 200 day moving average is $106.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. Agilysys, Inc. has a 1-year low of $66.29 and a 1-year high of $142.64. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 87.29 and a beta of 0.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business had revenue of $69.60 million for the quarter, compared to analysts' expectations of $73.15 million. During the same period last year, the company earned $0.35 earnings per share. The company's quarterly revenue was up 14.9% on a year-over-year basis. As a group, equities research analysts predict that Agilysys, Inc. will post 0.8 EPS for the current year.

Insider Buying and Selling at Agilysys

In other Agilysys news, Director John Mutch sold 2,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the completion of the sale, the director now directly owns 32,654 shares in the company, valued at $2,542,766.98. The trade was a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $132.04, for a total transaction of $990,300.00. Following the completion of the transaction, the director now directly owns 300,576 shares in the company, valued at approximately $39,688,055.04. This represents a 2.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,250 shares of company stock worth $6,751,563 in the last quarter. 19.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on AGYS. UBS Group set a $100.00 price target on shares of Agilysys in a research report on Wednesday, March 5th. Craig Hallum lowered their target price on Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Needham & Company LLC cut their price target on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Northland Securities upped their price objective on Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Finally, Oppenheimer dropped their price objective on Agilysys from $150.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Agilysys currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.50.

About Agilysys

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.