Geode Capital Management LLC Buys 30,655 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Geode Capital Management LLC lifted its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 6.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 528,615 shares of the software maker's stock after acquiring an additional 30,655 shares during the quarter. Geode Capital Management LLC owned 1.89% of Agilysys worth $57,614,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AGYS. Larson Financial Group LLC bought a new stake in shares of Agilysys during the 2nd quarter worth $32,000. Advisors Asset Management Inc. increased its holdings in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock worth $37,000 after acquiring an additional 182 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock valued at $45,000 after purchasing an additional 166 shares during the last quarter. NBC Securities Inc. bought a new position in Agilysys during the third quarter worth about $46,000. Finally, Exchange Traded Concepts LLC boosted its holdings in Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker's stock worth $52,000 after buying an additional 205 shares during the period. 88.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on AGYS. Northland Securities reaffirmed an "outperform" rating and issued a $145.00 price target (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. BTIG Research raised their target price on Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Needham & Company LLC upped their price target on Agilysys from $125.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Oppenheimer raised their price objective on shares of Agilysys from $135.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Finally, StockNews.com lowered shares of Agilysys from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $137.80.

Agilysys Trading Down 1.6 %

Agilysys stock traded down $2.20 during mid-day trading on Monday, hitting $136.47. The company's stock had a trading volume of 196,836 shares, compared to its average volume of 217,970. The business has a 50 day moving average price of $123.95 and a 200-day moving average price of $111.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. Agilysys, Inc. has a 12 month low of $73.52 and a 12 month high of $142.64. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 38.88 and a beta of 0.93.

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

Insider Buying and Selling

In other news, insider Chris J. Robertson sold 264 shares of Agilysys stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the completion of the transaction, the insider now owns 22,624 shares of the company's stock, valued at $2,281,856.64. The trade was a 1.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William David Wood III sold 1,870 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $134.01, for a total transaction of $250,598.70. Following the sale, the chief financial officer now directly owns 47,609 shares of the company's stock, valued at $6,380,082.09. This trade represents a 3.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,122 shares of company stock valued at $1,231,391 over the last ninety days. 19.30% of the stock is owned by insiders.

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.