Swiss National Bank Increases Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Swiss National Bank increased its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,100 shares of the software maker's stock after purchasing an additional 3,800 shares during the period. Swiss National Bank owned approximately 0.19% of Agilysys worth $6,862,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Agilysys by 1,197.1% in the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker's stock valued at $55,105,000 after buying an additional 466,704 shares during the period. Lord Abbett & CO. LLC raised its position in Agilysys by 47.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker's stock worth $115,383,000 after acquiring an additional 340,424 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Agilysys by 268.0% during the 4th quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker's stock worth $56,169,000 after purchasing an additional 310,573 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Agilysys during the 4th quarter worth $19,637,000. Finally, Great Lakes Advisors LLC purchased a new position in shares of Agilysys in the 4th quarter valued at about $11,249,000. Institutional investors and hedge funds own 88.00% of the company's stock.

Agilysys Trading Down 1.3 %

Agilysys stock traded down $1.04 during trading on Wednesday, hitting $76.80. The company's stock had a trading volume of 212,166 shares, compared to its average volume of 247,261. The stock's fifty day moving average is $87.02 and its 200 day moving average is $108.75. Agilysys, Inc. has a 1-year low of $71.37 and a 1-year high of $142.64. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 96.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14.

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

Analysts Set New Price Targets

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

Insider Buying and Selling at Agilysys

In related news, Director John Mutch sold 2,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the completion of the sale, the director now owns 32,654 shares of the company's stock, valued at approximately $2,542,766.98. This represents a 5.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00. Following the transaction, the director now directly owns 330,576 shares in the company, valued at approximately $43,156,696.80. This trade represents a 2.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,250 shares of company stock worth $8,708,238 in the last quarter. 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.