Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 16.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 307,879 shares of the software maker's stock after acquiring an additional 42,474 shares during the period. Rockefeller Capital Management L.P. owned about 1.10% of Agilysys worth $33,544,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker's stock worth $26,000 after purchasing an additional 154 shares during the last quarter. CWM LLC boosted its position in shares of Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker's stock worth $26,000 after buying an additional 199 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Agilysys in the 2nd quarter valued at about $32,000. Advisors Asset Management Inc. raised its position in Agilysys by 117.4% during the third 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. Finally, NBC Securities Inc. purchased a new stake in shares of Agilysys in the third quarter valued at about $46,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

Agilysys Trading Up 0.3 %

Agilysys stock traded up $0.41 during trading on Friday, hitting $134.30. The company's stock had a trading volume of 83,263 shares, compared to its average volume of 223,175. The stock's fifty day moving average is $115.92 and its 200 day moving average is $107.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $139.99. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 38.26 and a beta of 0.85.

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

Insider Activity

In other news, Director John Mutch sold 500 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $104.24, for a total value of $52,120.00. Following the completion of the sale, the director now owns 35,858 shares of the company's stock, valued at $3,737,837.92. This represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris J. Robertson sold 264 shares of the firm's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the completion of the transaction, the insider now directly owns 22,624 shares in the company, valued at approximately $2,281,856.64. This represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,523 shares of company stock valued at $4,068,899 in the last ninety days. Company insiders own 19.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AGYS. Northland Securities reissued an "outperform" rating and set a $145.00 price objective (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. BTIG Research raised their price target on Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. Needham & Company LLC upped their price objective on Agilysys from $125.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, November 15th. StockNews.com cut Agilysys from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Finally, Oppenheimer upped their target price on shares of Agilysys from $120.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Agilysys presently has a consensus rating of "Moderate Buy" and a consensus price target of $134.80.

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.