Russell Investments Group Ltd. lessened its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 43.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,369 shares of the software maker's stock after selling 8,833 shares during the period. Russell Investments Group Ltd.'s holdings in Agilysys were worth $1,497,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Investment Advisory LLC grew its position in shares of Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock valued at $49,000 after acquiring an additional 193 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock valued at $57,000 after acquiring an additional 336 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Agilysys during the 4th quarter worth about $61,000. Assetmark Inc. acquired a new stake in shares of Agilysys during the 4th quarter worth about $115,000. Finally, Huntington National Bank grew its position in Agilysys by 319.1% during the fourth quarter. Huntington National Bank now owns 922 shares of the software maker's stock worth $121,000 after buying an additional 702 shares in the last quarter. Institutional investors own 88.00% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on AGYS. Needham & Company LLC reduced their target price on Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Northland Securities raised their price objective on Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. UBS Group set a $100.00 price objective on Agilysys in a report on Wednesday, March 5th. Craig Hallum lowered their price objective on Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Finally, Oppenheimer lowered their price objective on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $120.00.
Get Our Latest Stock Report on AGYS
Agilysys Stock Up 2.4 %
Shares of Agilysys stock traded up $1.70 during trading on Thursday, hitting $72.06. The company's stock had a trading volume of 20,339 shares, compared to its average volume of 259,882. 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 company has a fifty day simple moving average of $74.68 and a two-hundred day simple moving average of $103.22. The company has a market capitalization of $2.02 billion, a PE ratio of 90.00 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 quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. The firm had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business's quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS. Equities research analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.
Insider Buying and Selling
In other Agilysys news, 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 transaction 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 trade represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.30% of the stock is currently owned by insiders.
About Agilysys
(
Free Report)
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.
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