Stephens Investment Management Group LLC Makes New Investment in Agilysys, Inc. (NASDAQ:AGYS)

Stephens Investment Management Group LLC bought a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 54,909 shares of the software maker's stock, valued at approximately $7,232,000. Stephens Investment Management Group LLC owned 0.20% of Agilysys as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. US Bancorp DE grew its position in shares of Agilysys by 11.2% during the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker's stock valued at $133,000 after acquiring an additional 122 shares during the period. GAMMA Investing LLC grew its position in shares of Agilysys by 66.7% during the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock valued at $45,000 after acquiring an additional 166 shares during the period. Blue Trust Inc. grew its position in shares of Agilysys by 18.9% during the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock valued at $149,000 after acquiring an additional 180 shares during the period. Advisors Asset Management Inc. grew its position in shares of Agilysys by 117.4% during 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 period. Finally, Harbor Investment Advisory LLC boosted its holdings in Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after buying an additional 193 shares during the period. 88.00% of the stock is owned by institutional investors.

Agilysys Price Performance

NASDAQ:AGYS traded up $2.35 during midday trading on Thursday, hitting $84.98. The company had a trading volume of 402,630 shares, compared to its average volume of 406,036. The company has a market capitalization of $2.38 billion, a PE ratio of 106.23 and a beta of 0.93. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. Agilysys, Inc. has a 52-week low of $74.03 and a 52-week high of $142.64. The stock's fifty day moving average price is $118.79 and its 200-day moving average price is $114.84.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $69.60 million for 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%. The company's revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. As a group, research analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Buying and Selling

In other news, Director John Mutch sold 500 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $137.86, for a total transaction of $68,930.00. Following the completion of the transaction, the director now directly owns 34,654 shares of the company's stock, valued at approximately $4,777,400.44. This represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total value of $725,100.00. Following the completion of the sale, the director now directly owns 233,076 shares in the company, valued at $22,533,787.68. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,599 shares of company stock worth $8,913,222 in the last 90 days. 19.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AGYS has been the subject of several analyst reports. Northland Securities raised their price objective on shares of Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. StockNews.com downgraded shares of Agilysys from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. BTIG Research increased their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Needham & Company LLC lowered their target price on shares of Agilysys from $145.00 to $125.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Finally, Craig Hallum lowered their target price on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Agilysys currently has a consensus rating of "Moderate Buy" and an average target price of $138.00.

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.