Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,209,274 shares of the software maker's stock after purchasing an additional 58,926 shares during the period. Vanguard Group Inc. owned about 7.90% of Agilysys worth $290,983,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in Agilysys by 18.9% in the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock valued at $149,000 after buying an additional 180 shares during the period. Harbor Investment Advisory LLC boosted its position in shares of Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after acquiring an additional 193 shares during the last quarter. Natixis Advisors LLC grew its holdings in Agilysys by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock valued at $1,398,000 after purchasing an additional 208 shares during the period. Albert D Mason Inc. increased its position in Agilysys by 2.3% during the fourth quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker's stock worth $1,554,000 after purchasing an additional 267 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in Agilysys by 2.8% during the fourth quarter. Illinois Municipal Retirement Fund now owns 11,994 shares of the software maker's stock worth $1,580,000 after purchasing an additional 328 shares during the period. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Stock Up 10.9 %

Shares of NASDAQ:AGYS traded up $7.15 during mid-day trading on Wednesday, hitting $72.91. 444,439 shares of the company traded hands, compared to its average volume of 256,471. The firm's 50 day simple moving average is $78.02 and its 200 day simple moving average is $105.85. The firm has a market cap of $2.04 billion, a P/E ratio of 91.14 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. Agilysys, Inc. has a 52-week low of $63.75 and a 52-week high of $142.64.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AGYS shares. Needham & Company LLC lowered their price objective on shares of Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. UBS Group set a $100.00 price objective on Agilysys in a report on Wednesday, March 5th. Oppenheimer reduced their price objective on Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday. Craig Hallum dropped 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. Finally, Northland Securities lifted their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a research 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $120.00.

Insider Buying and Selling at Agilysys

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $126.26, for a total value of $946,950.00. Following the sale, the director now directly owns 285,576 shares of the company's stock, valued at $36,056,825.76. This represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Mutch sold 750 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the transaction, the director now 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. Insiders sold a total of 47,750 shares of company stock valued at $5,761,263 in the last ninety days. Insiders own 19.30% of the company's stock.

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.