Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC reduced its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 457,420 shares of the software maker's stock after selling 8,429 shares during the quarter. William Blair Investment Management LLC owned about 1.64% of Agilysys worth $60,247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cibc World Markets Corp purchased a new stake in Agilysys during the 4th quarter valued at $278,000. Gallacher Capital Management LLC purchased a new stake in shares of Agilysys in the fourth quarter valued at $233,000. Natixis Advisors LLC lifted its holdings in shares of Agilysys by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock worth $1,398,000 after acquiring an additional 208 shares during the last quarter. Swiss National Bank boosted its stake in shares of Agilysys by 7.9% during the 4th quarter. Swiss National Bank now owns 52,100 shares of the software maker's stock worth $6,862,000 after purchasing an additional 3,800 shares during the period. Finally, Avantax Advisory Services Inc. grew its holdings in Agilysys by 10.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 7,547 shares of the software maker's stock valued at $994,000 after purchasing an additional 717 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the completion of the transaction, the director now owns 315,576 shares of the company's stock, valued at $41,132,175.84. The trade was a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Mutch sold 2,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the transaction, the director now directly owns 32,654 shares of the company's stock, valued at $2,542,766.98. The trade was a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,250 shares of company stock valued at $8,708,238. 19.30% of the stock is currently owned by corporate insiders.

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Agilysys Stock Down 1.8 %

Shares of NASDAQ AGYS traded down $1.36 during mid-day trading on Friday, reaching $73.73. 388,556 shares of the company were exchanged, compared to its average volume of 246,305. The firm has a 50-day moving average of $90.17 and a 200 day moving average of $109.38. Agilysys, Inc. has a 1 year low of $71.37 and a 1 year high of $142.64. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 92.16 and a beta of 0.98.

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, beating analysts' consensus estimates of $0.34 by $0.04. The company had revenue of $69.60 million during 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%. Agilysys's revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. On average, research analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AGYS shares. Oppenheimer dropped their target price on Agilysys from $150.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, January 22nd. Needham & Company LLC reduced their target price on Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Northland Securities lifted their target price on Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. UBS Group set a $100.00 price target on shares of Agilysys in a research note on Wednesday, March 5th. Finally, Craig Hallum lowered their price objective 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 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $127.50.

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.