Invesco Ltd. Has $95.86 Million Stake in Agilysys, Inc. (NASDAQ:AGYS)

Invesco Ltd. grew its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 412.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 727,794 shares of the software maker's stock after purchasing an additional 585,886 shares during the period. Invesco Ltd. owned 2.60% of Agilysys worth $95,858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can raised its holdings in Agilysys by 14.9% in the 4th quarter. Bank of Montreal Can now owns 3,309 shares of the software maker's stock valued at $436,000 after acquiring an additional 430 shares during the last quarter. FMR LLC increased its stake in Agilysys by 58.3% in the fourth quarter. FMR LLC now owns 800,521 shares of the software maker's stock valued at $105,437,000 after purchasing an additional 294,831 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Agilysys by 6.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 105,986 shares of the software maker's stock valued at $13,959,000 after acquiring an additional 5,962 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Agilysys by 23.2% in the fourth quarter. Wells Fargo & Company MN now owns 47,976 shares of the software maker's stock worth $6,319,000 after acquiring an additional 9,031 shares during the last quarter. Finally, DF Dent & Co. Inc. increased its position in Agilysys by 110.1% during the fourth quarter. DF Dent & Co. Inc. now owns 112,754 shares of the software maker's stock worth $14,851,000 after purchasing an additional 59,082 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Price Performance

Agilysys stock traded up $0.81 during trading hours on Friday, hitting $69.45. 139,188 shares of the company traded hands, compared to its average volume of 259,316. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The firm has a market cap of $1.94 billion, a P/E ratio of 86.81 and a beta of 0.64. The firm's 50-day simple moving average is $75.93 and its two-hundred day simple moving average is $104.24. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AGYS shares. Oppenheimer lowered their price target on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. UBS Group set a $100.00 price objective on Agilysys in a research report on Wednesday, March 5th. Northland Securities upped their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. Needham & Company LLC lowered their price objective on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Finally, Craig Hallum lowered their price target on Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $120.00.

Insider Activity

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total transaction of $725,100.00. Following the completion of the sale, the director now owns 233,076 shares in the company, valued at approximately $22,533,787.68. This represents a 3.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Mutch sold 750 shares of Agilysys stock in a transaction on Monday, March 17th. The stock was sold at an average price of $75.33, for a total value of $56,497.50. Following the completion of the transaction, the director now owns 31,904 shares in the company, valued at $2,403,328.32. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,750 shares of company stock worth $1,878,513 over the last 90 days. 19.30% of the stock is currently owned by company 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.