Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 61.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,012 shares of the software maker's stock after selling 6,387 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Agilysys were worth $437,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in AGYS. Fred Alger Management LLC raised its position in Agilysys by 1.9% in the 2nd quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker's stock valued at $97,689,000 after purchasing an additional 17,898 shares during the last quarter. Geneva Capital Management LLC raised its holdings in shares of Agilysys by 0.4% in the third quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker's stock valued at $73,597,000 after buying an additional 2,687 shares during the last quarter. FMR LLC lifted its position in Agilysys by 1,197.1% during the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker's stock worth $55,105,000 after buying an additional 466,704 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in Agilysys by 5.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 502,422 shares of the software maker's stock worth $54,749,000 after acquiring an additional 25,254 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in Agilysys by 79.4% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 285,071 shares of the software maker's stock valued at $31,064,000 after acquiring an additional 126,193 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.
Agilysys Trading Up 1.3 %
Shares of AGYS stock traded up $1.72 during trading hours on Friday, reaching $133.66. The company had a trading volume of 168,730 shares, compared to its average volume of 204,033. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $139.99. The company has a 50 day moving average of $118.40 and a 200 day moving average of $108.96. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 38.08 and a beta of 0.93.
Agilysys (NASDAQ:AGYS - Get Free Report) last issued its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The firm 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 company's revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 earnings per share. On average, equities research analysts anticipate that Agilysys, Inc. will post 0.81 EPS for the current year.
Insider Transactions at Agilysys
In other Agilysys news, Director Melvin L. Keating sold 3,280 shares of Agilysys stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $122.84, for a total value of $402,915.20. Following the sale, the director now owns 34,407 shares of the company's stock, valued at $4,226,555.88. This trade represents a 8.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ramesh Srinivasan sold 10,000 shares of the company's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $102.03, for a total value of $1,020,300.00. Following the transaction, the chief executive officer now directly owns 738,367 shares of the company's stock, valued at $75,335,585.01. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,122 shares of company stock valued at $2,251,691 over the last three months. 19.30% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Northland Securities reissued an "outperform" rating and set a $145.00 price target (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. StockNews.com lowered Agilysys from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Oppenheimer lifted their target price on Agilysys from $135.00 to $150.00 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. Needham & Company LLC upped their price target on Agilysys from $125.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, BTIG Research lifted their price objective on Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $137.80.
Get Our Latest Analysis on AGYS
Agilysys Profile
(
Free Report)
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.
Further Reading
![Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=AGYS)
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