Rockefeller Capital Management L.P. Raises Stake in Agilysys, Inc. (NASDAQ:AGYS)

Rockefeller Capital Management L.P. grew its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 378,795 shares of the software maker's stock after acquiring an additional 70,916 shares during the quarter. Rockefeller Capital Management L.P. owned 1.35% of Agilysys worth $49,880,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AGYS. Vanguard Group Inc. increased its stake in shares of Agilysys by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 2,209,274 shares of the software maker's stock worth $290,983,000 after purchasing an additional 58,926 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in Agilysys by 47.4% during 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 during the period. State Street Corp increased its position in Agilysys by 5.0% during the third quarter. State Street Corp now owns 918,823 shares of the software maker's stock worth $100,124,000 after buying an additional 43,760 shares during the last quarter. FMR LLC raised 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 buying an additional 294,831 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Agilysys by 412.9% in the fourth quarter. Invesco Ltd. now owns 727,794 shares of the software maker's stock valued at $95,858,000 after buying an additional 585,886 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $125.49, for a total value of $941,175.00. Following the transaction, the director now directly owns 248,076 shares in the company, valued at approximately $31,131,057.24. This trade represents a 2.93 % decrease in their ownership of the stock. The transaction 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 the firm's stock in a transaction dated 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 directly owns 31,904 shares in the company, valued at $2,403,328.32. This trade represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,750 shares of company stock worth $1,878,513. Insiders own 19.30% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on AGYS shares. Craig Hallum reduced their price target 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 reduced their target price on shares of 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 target on shares of Agilysys in a research report on Wednesday, March 5th. Needham & Company LLC decreased their target price on shares of Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Finally, Northland Securities raised their target price on shares of Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $120.00.

Agilysys Trading Up 1.2 %

Shares of NASDAQ:AGYS traded up $0.81 on Friday, reaching $69.45. 139,188 shares of the company traded hands, compared to its average volume of 259,316. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The business's 50-day simple moving average is $75.93 and its 200 day simple moving average is $104.24. The stock has a market capitalization of $1.94 billion, a P/E ratio of 86.81 and a beta of 0.64. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $142.64.

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

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.