Segall Bryant & Hamill LLC Reduces Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Segall Bryant & Hamill LLC trimmed its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 19.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,401 shares of the software maker's stock after selling 31,933 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.48% of Agilysys worth $17,834,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC grew its position in shares of Agilysys by 19.1% in the fourth quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker's stock valued at $11,157,000 after purchasing an additional 13,785 shares in the last quarter. State Street Corp increased its stake in shares of Agilysys by 5.0% in the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker's stock worth $100,124,000 after acquiring an additional 43,760 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Agilysys by 6.2% in the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker's stock valued at $57,614,000 after purchasing an additional 30,655 shares during the period. Smartleaf Asset Management LLC increased its position in Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock worth $57,000 after purchasing an additional 336 shares during the last quarter. Finally, Atria Investments Inc purchased a new position in Agilysys during the fourth quarter worth about $315,000. 88.00% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other Agilysys news, Director John Mutch sold 750 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the sale, the director now directly owns 31,904 shares of the company's stock, valued at approximately $2,403,328.32. This represents a 2.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction on Monday, January 6th. The stock was sold at an average price of $130.34, for a total transaction of $977,550.00. Following the sale, the director now directly owns 315,576 shares of the company's stock, valued at approximately $41,132,175.84. This trade represents a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,250 shares of company stock worth $8,708,238. Company insiders own 19.30% of the company's stock.

Analyst Ratings Changes

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

Agilysys Trading Down 3.3 %

AGYS traded down $2.51 during mid-day trading on Friday, hitting $73.11. 184,228 shares of the stock were exchanged, compared to its average volume of 252,628. The company has a market cap of $2.04 billion, a PE ratio of 91.39 and a beta of 0.98. Agilysys, Inc. has a 1-year low of $71.37 and a 1-year high of $142.64. 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 firm's fifty day moving average is $83.78 and its two-hundred day moving average is $108.21.

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

About Agilysys

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.