Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,600 shares of the software maker's stock, valued at approximately $1,155,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CWM LLC raised its position in shares of Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker's stock worth $26,000 after purchasing an additional 199 shares during the period. GAMMA Investing LLC raised its holdings in Agilysys by 162.1% during the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker's stock worth $26,000 after buying an additional 154 shares during the period. Larson Financial Group LLC acquired a new position in shares of Agilysys in the second quarter valued at approximately $32,000. Advisors Asset Management Inc. increased its position in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock worth $37,000 after acquiring an additional 182 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of Agilysys during the third quarter worth $46,000. 88.00% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on AGYS shares. BTIG Research increased their target price on Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. Northland Securities reiterated an "outperform" rating and set a $145.00 price objective (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Needham & Company LLC boosted their target price on Agilysys from $125.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, November 15th. StockNews.com downgraded shares of Agilysys from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Finally, Oppenheimer lifted their price target on shares of Agilysys from $135.00 to $150.00 and gave the company an "outperform" rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.80.
Get Our Latest Stock Report on AGYS
Agilysys Stock Performance
Shares of Agilysys stock traded up $0.75 during trading on Tuesday, hitting $132.99. 197,371 shares of the stock were exchanged, compared to its average volume of 216,268. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $139.99. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 37.89 and a beta of 0.93. The company has a fifty day moving average price of $116.42 and a 200-day moving average price of $108.13. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.
Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. The business's revenue was up 16.6% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. As a group, equities analysts predict that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, SVP Kyle C. Badger sold 471 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $47,505.06. Following the sale, the senior vice president now owns 115,117 shares in the company, valued at $11,610,700.62. The trade was a 0.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Mutch sold 500 shares of Agilysys stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $137.86, for a total value of $68,930.00. Following the sale, the director now directly owns 34,654 shares in the company, valued at $4,777,400.44. The trade was a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,523 shares of company stock valued at $2,971,199 over the last ninety days. 19.30% of the stock is currently owned by company insiders.
Agilysys Profile
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Free Report)
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.
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