Intech Investment Management LLC Has $1.63 Million Stake in Agilysys, Inc. (NASDAQ:AGYS)

Intech Investment Management LLC increased its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 129.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,992 shares of the software maker's stock after buying an additional 8,453 shares during the quarter. Intech Investment Management LLC owned about 0.05% of Agilysys worth $1,634,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker's stock valued at $26,000 after purchasing an additional 154 shares during the last quarter. CWM LLC lifted its holdings in shares of Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker's stock valued at $26,000 after purchasing an additional 199 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Agilysys during the second quarter valued at $32,000. Advisors Asset Management Inc. lifted its holdings 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 valued at $37,000 after purchasing an additional 182 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of Agilysys during the third quarter valued at $46,000. Institutional investors and hedge funds own 88.00% of the company's stock.

Agilysys Stock Down 0.1 %

AGYS stock traded down $0.08 during mid-day trading on Tuesday, hitting $137.72. The stock had a trading volume of 233,766 shares, compared to its average volume of 217,059. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 39.24 and a beta of 0.85. The company has a fifty day moving average of $114.09 and a 200 day moving average of $106.96. 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, Inc. has a 1-year low of $73.52 and a 1-year high of $139.99.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results 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 firm had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company's revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. On average, equities analysts expect that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AGYS. Northland Securities reaffirmed an "outperform" rating and set a $145.00 target price (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. StockNews.com downgraded Agilysys from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. 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 upped their price target on Agilysys from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Finally, BTIG Research upped their price target on Agilysys from $118.00 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $134.80.

Insider Buying and Selling at Agilysys

In other news, Director Melvin L. Keating sold 3,280 shares of Agilysys stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $122.84, for a total transaction of $402,915.20. Following the sale, the director now owns 34,407 shares of the company's stock, valued at approximately $4,226,555.88. This trade represents a 8.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Mutch sold 500 shares of Agilysys stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $104.24, for a total value of $52,120.00. Following the sale, the director now directly owns 35,858 shares in the company, valued at $3,737,837.92. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,023 shares of company stock valued at $4,548,979 in the last 90 days. 19.30% of the stock is currently owned by insiders.

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.