Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Royce & Associates LP

Royce & Associates LP cut its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,776 shares of the software maker's stock after selling 18,600 shares during the quarter. Royce & Associates LP owned about 0.79% of Agilysys worth $28,947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in shares of Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock valued at $37,000 after acquiring an additional 182 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock valued at $49,000 after purchasing an additional 193 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Agilysys by 381.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock valued at $57,000 after purchasing an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Agilysys during the 4th quarter worth about $61,000. Finally, Assetmark Inc. purchased a new position in shares of Agilysys during the 4th quarter valued at about $115,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

Agilysys Price Performance

Shares of AGYS stock traded down $1.49 on Thursday, reaching $75.09. 156,790 shares of the company were exchanged, compared to its average volume of 245,372. Agilysys, Inc. has a 1 year low of $71.37 and a 1 year high of $142.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The business has a 50-day moving average price of $91.36 and a 200 day moving average price of $109.62. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 93.86 and a beta of 0.98.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AGYS shares. Needham & Company LLC reduced 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. Northland Securities increased their price target on shares of Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Craig Hallum cut their price objective on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Oppenheimer decreased their price objective on shares of Agilysys from $150.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, January 22nd. Finally, UBS Group set a $100.00 price target on Agilysys in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.50.

Insider Activity at Agilysys

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

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.