Agilysys, Inc. (NASDAQ:AGYS) Holdings Increased by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 434.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 98,128 shares of the software maker's stock after buying an additional 79,764 shares during the period. Franklin Resources Inc. owned approximately 0.35% of Agilysys worth $11,477,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. US Bancorp DE lifted its holdings in shares of Agilysys by 11.2% during the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker's stock valued at $133,000 after acquiring an additional 122 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock worth $45,000 after purchasing an additional 166 shares in the last quarter. RiverPark Advisors LLC boosted its position in shares of Agilysys by 9.6% in the second quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker's stock worth $202,000 after buying an additional 170 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock worth $37,000 after buying an additional 182 shares during the period. Finally, Louisiana State Employees Retirement System grew its stake in shares of Agilysys by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker's stock valued at $1,062,000 after buying an additional 200 shares in the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Chris J. Robertson sold 729 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total value of $97,693.29. Following the sale, the insider now owns 21,895 shares of the company's stock, valued at approximately $2,934,148.95. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William David Wood III sold 588 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $59,305.68. Following the transaction, the chief financial officer now owns 49,479 shares of the company's stock, valued at approximately $4,990,451.94. The trade was a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,122 shares of company stock valued at $1,231,391. Company insiders own 19.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on AGYS shares. BTIG Research upped their price target on Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. Needham & Company LLC raised their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a "buy" rating in a report on Friday, November 15th. Northland Securities reiterated an "outperform" rating and issued a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Oppenheimer raised their target price on Agilysys from $135.00 to $150.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Finally, StockNews.com cut Agilysys from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. One equities research 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $137.80.

Agilysys Stock Up 2.8 %

NASDAQ:AGYS traded up $3.81 during mid-day trading on Friday, reaching $138.67. The stock had a trading volume of 405,201 shares, compared to its average volume of 218,056. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 39.51 and a beta of 0.93. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $142.64. The stock's 50 day simple moving average is $123.56 and its two-hundred day simple moving average is $111.57.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm had revenue of $68.30 million for the quarter, compared to analysts' expectations of $67.54 million. During the same period last year, the business posted $0.25 earnings per share. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts anticipate that Agilysys, Inc. will post 0.81 EPS for the current year.

Agilysys Profile

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.