4,246 Shares in Agilysys, Inc. (NASDAQ:AGYS) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 4,246 shares of the software maker's stock, valued at approximately $463,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AGYS. CWM LLC lifted its stake in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker's stock valued at $26,000 after acquiring an additional 199 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of Agilysys in the second quarter valued at about $32,000. Advisors Asset Management Inc. lifted its position in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock valued at $37,000 after purchasing an additional 182 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock worth $45,000 after purchasing an additional 166 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in Agilysys in the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 88.00% of the company's stock.

Insider Transactions at Agilysys

In related news, insider Chris J. Robertson sold 729 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $134.01, for a total transaction of $97,693.29. Following the sale, the insider now owns 21,895 shares of the company's stock, valued at approximately $2,934,148.95. This represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO William David Wood III sold 1,870 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $134.01, for a total transaction of $250,598.70. Following the completion of the transaction, the chief financial officer now directly owns 47,609 shares of the company's stock, valued at approximately $6,380,082.09. The trade was a 3.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,122 shares of company stock valued at $1,231,391 over the last three months. Company insiders own 19.30% of the company's stock.

Agilysys Stock Performance

Shares of AGYS traded up $6.29 during mid-day trading on Monday, hitting $139.22. The stock had a trading volume of 336,781 shares, compared to its average volume of 216,006. Agilysys, Inc. has a 52 week low of $73.52 and a 52 week high of $139.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The business has a fifty day moving average price of $120.96 and a 200-day moving average price of $110.08. The firm has a market cap of $3.89 billion, a P/E ratio of 37.87 and a beta of 0.93.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BTIG Research boosted their target price on Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Northland Securities reissued an "outperform" rating and issued a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. StockNews.com lowered Agilysys from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Needham & Company LLC lifted their target price on Agilysys from $125.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Finally, Oppenheimer increased their price target on shares of Agilysys from $135.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Agilysys currently has an average rating of "Moderate Buy" and a consensus target price of $137.80.

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.