Martingale Asset Management L P Has $711,000 Position in Agilysys, Inc. (NASDAQ:AGYS)

Martingale Asset Management L P cut its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 65.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,400 shares of the software maker's stock after selling 10,008 shares during the period. Martingale Asset Management L P's holdings in Agilysys were worth $711,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. grew its holdings in shares of Agilysys by 412.9% in the 4th quarter. Invesco Ltd. now owns 727,794 shares of the software maker's stock worth $95,858,000 after purchasing an additional 585,886 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Agilysys by 521.7% in the 4th quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker's stock worth $80,347,000 after acquiring an additional 511,900 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Agilysys by 729.1% during the 4th quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker's stock valued at $52,487,000 after purchasing an additional 350,441 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in Agilysys by 47.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker's stock worth $115,383,000 after purchasing an additional 340,424 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Agilysys by 268.0% in the fourth quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker's stock valued at $56,169,000 after buying an additional 310,573 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

Agilysys Trading Up 1.2 %

AGYS traded up $0.81 during mid-day trading on Friday, hitting $69.45. The stock had a trading volume of 139,188 shares, compared to its average volume of 259,316. The stock's fifty day simple moving average is $75.93 and its 200-day simple moving average is $104.24. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 86.81 and a beta of 0.64. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Agilysys

In related news, Director John Mutch sold 750 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the transaction, the director now owns 31,904 shares in the company, valued at approximately $2,403,328.32. This represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $125.49, for a total transaction of $941,175.00. Following the completion of the sale, the director now owns 248,076 shares in the company, valued at $31,131,057.24. The trade was a 2.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,750 shares of company stock valued at $1,878,513. 19.30% of the stock is currently owned by corporate 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.