Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP increased its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 417,550 shares of the software maker's stock after purchasing an additional 12,389 shares during the period. Wellington Management Group LLP owned approximately 1.49% of Agilysys worth $45,500,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Agilysys during the 2nd quarter worth approximately $1,847,000. Eagle Asset Management Inc. lifted its holdings in Agilysys by 59.1% in the third quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker's stock valued at $16,959,000 after acquiring an additional 53,026 shares during the period. Natixis Advisors LLC purchased a new stake in shares of Agilysys during the 2nd quarter worth $1,111,000. Seven Eight Capital LP acquired a new position in shares of Agilysys during the 2nd quarter worth $580,000. Finally, William Blair Investment Management LLC purchased a new position in shares of Agilysys in the 2nd quarter valued at about $21,039,000. Institutional investors and hedge funds own 88.00% of the company's stock.

Agilysys Price Performance

AGYS stock traded up $2.01 during trading on Thursday, hitting $134.84. The stock had a trading volume of 85,001 shares, compared to its average volume of 214,812. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 37.84 and a beta of 0.93. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The company's 50 day moving average price is $119.81 and its two-hundred day moving average price is $109.53. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $139.99.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. During the same quarter in the previous year, the business posted $0.25 earnings per share. The company's revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AGYS. Northland Securities reissued an "outperform" rating and set a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Oppenheimer boosted their price target on Agilysys from $135.00 to $150.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Needham & Company LLC raised their price objective on Agilysys from $125.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, November 15th. StockNews.com downgraded Agilysys from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Finally, BTIG Research raised their price target on Agilysys from $118.00 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. 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, Agilysys presently has an average rating of "Moderate Buy" and a consensus target price of $137.80.

Insiders Place Their Bets

In other news, insider Chris J. Robertson sold 264 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the transaction, the insider now directly owns 22,624 shares in the company, valued at $2,281,856.64. This represents a 1.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Melvin L. Keating sold 3,280 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $122.84, for a total transaction of $402,915.20. Following the completion of the sale, the director now owns 34,407 shares of the company's stock, valued at approximately $4,226,555.88. The trade was a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,122 shares of company stock valued at $1,231,391 in the last quarter. 19.30% of the stock is currently owned by company insiders.

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.