Loomis Sayles & Co. L P Sells 14,263 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Loomis Sayles & Co. L P lowered its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 488,159 shares of the software maker's stock after selling 14,263 shares during the quarter. Loomis Sayles & Co. L P owned approximately 1.75% of Agilysys worth $64,295,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its holdings in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock worth $37,000 after acquiring an additional 182 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Agilysys by 9.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 199,006 shares of the software maker's stock worth $21,686,000 after buying an additional 16,935 shares during the period. Pitcairn Co. purchased a new stake in Agilysys during the 3rd quarter worth about $444,000. FMR LLC increased its position in shares of Agilysys by 1,197.1% during the third quarter. FMR LLC now owns 505,690 shares of the software maker's stock valued at $55,105,000 after buying an additional 466,704 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Agilysys in the third quarter worth about $739,000. Institutional investors own 88.00% of the company's stock.

Insider Buying and Selling

In other news, Director John Mutch sold 750 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the sale, the director now directly owns 31,904 shares of the company's stock, valued at $2,403,328.32. This represents a 2.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $130.34, for a total transaction of $977,550.00. Following the completion of the transaction, the director now owns 315,576 shares of the company's stock, valued at approximately $41,132,175.84. The trade was a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,250 shares of company stock valued at $8,708,238 over the last ninety days. 19.30% of the stock is owned by insiders.

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Agilysys Trading Down 2.4 %

Shares of AGYS traded down $1.72 during trading hours on Monday, hitting $71.39. The company had a trading volume of 43,155 shares, compared to its average volume of 251,813. The stock's 50 day moving average price is $83.78 and its 200 day moving average price is $108.21. 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, Inc. has a 52-week low of $70.47 and a 52-week high of $142.64. The firm has a market cap of $2.00 billion, a P/E ratio of 89.25 and a beta of 0.98.

Agilysys (NASDAQ:AGYS - Get Free Report) last issued its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $69.60 million for the quarter, compared to analysts' expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business's revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business earned $0.35 earnings per share. On average, research analysts predict that Agilysys, Inc. will post 0.8 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on AGYS. Oppenheimer lowered their target price on shares of Agilysys from $150.00 to $135.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 22nd. Needham & Company LLC dropped their price target on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Craig Hallum lowered their target price on shares of 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 raised their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a research report on Tuesday, January 7th. Finally, UBS Group set a $100.00 target price on shares of Agilysys in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Agilysys currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.50.

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.