Loomis Sayles & Co. L P Increases Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Loomis Sayles & Co. L P raised its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 502,422 shares of the software maker's stock after acquiring an additional 25,254 shares during the period. Loomis Sayles & Co. L P owned about 1.80% of Agilysys worth $54,749,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AGYS. US Bancorp DE increased its stake in Agilysys by 11.2% in the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker's stock worth $133,000 after purchasing an additional 122 shares during the period. GAMMA Investing LLC increased its stake in shares of Agilysys by 162.1% in the second 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. RiverPark Advisors LLC raised its holdings in Agilysys by 9.6% during the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker's stock valued at $202,000 after buying an additional 170 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Agilysys by 117.4% during 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 period. Finally, CWM LLC raised its stake 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 acquiring an additional 199 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Stock Down 0.1 %

Shares of Agilysys stock traded down $0.08 during trading on Tuesday, hitting $137.72. The company's stock had a trading volume of 233,766 shares, compared to its average volume of 217,059. Agilysys, Inc. has a 52 week low of $73.52 and a 52 week high of $139.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The company has a fifty day simple moving average of $114.09 and a two-hundred day simple moving average of $106.96. The company has a market capitalization of $3.85 billion, a PE ratio of 39.24 and a beta of 0.85.

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

Insider Transactions at Agilysys

In other news, Director Melvin L. Keating sold 3,280 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were 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 $4,226,555.88. This trade represents a 8.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Mutch sold 500 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $137.86, for a total transaction of $68,930.00. Following the transaction, the director now directly owns 34,654 shares of the company's stock, 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. Over the last three months, insiders have sold 42,523 shares of company stock valued at $4,617,909. Insiders own 19.30% of the company's stock.

Wall Street Analyst Weigh In

AGYS has been the subject of a number of recent analyst reports. BTIG Research increased their price objective on Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. StockNews.com lowered Agilysys from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Oppenheimer boosted their price objective on shares of Agilysys from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Needham & Company LLC raised their target price on shares of Agilysys from $125.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Northland Securities reiterated an "outperform" rating and set a $145.00 price target (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $134.80.

Agilysys Company 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.