Great Lakes Advisors LLC Acquires Shares of 85,405 Agilysys, Inc. (NASDAQ:AGYS)

Great Lakes Advisors LLC purchased a new stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 85,405 shares of the software maker's stock, valued at approximately $11,249,000. Great Lakes Advisors LLC owned about 0.31% of Agilysys at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AGYS. Advisors Asset Management Inc. grew its position in shares of Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock valued at $37,000 after buying an additional 182 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in shares of Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock valued at $49,000 after purchasing an additional 193 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock valued at $57,000 after purchasing an additional 336 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of Agilysys in the 4th quarter valued at about $61,000. Finally, Assetmark Inc. acquired a new position in shares of Agilysys in the 4th quarter valued at about $115,000. Institutional investors own 88.00% of the company's stock.

Analyst Ratings Changes

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

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Agilysys Stock Up 4.1 %

AGYS stock traded up $2.90 during trading on Friday, reaching $74.35. 208,125 shares of the stock were exchanged, compared to its average volume of 403,119. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The firm's 50 day moving average is $94.71 and its 200 day moving average is $110.37. The firm has a market cap of $2.08 billion, a P/E ratio of 92.94 and a beta of 0.98. Agilysys, Inc. has a twelve month low of $71.37 and a twelve month high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. The firm had revenue of $69.60 million during the quarter, compared to analyst estimates of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company's revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. As a group, research analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.

Insiders Place Their Bets

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $132.98, for a total value of $997,350.00. Following the completion of the transaction, the director now directly owns 270,576 shares of the company's stock, valued at $35,981,196.48. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Mutch sold 2,000 shares of the company'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 value of $155,740.00. Following the completion of the transaction, the director now directly owns 32,654 shares of the company's stock, valued at approximately $2,542,766.98. This represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,500 shares of company stock valued at $8,651,740. Corporate insiders own 19.30% of the company's stock.

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.