Stephens Investment Management Group LLC Purchases New Position in Agilysys, Inc. (NASDAQ:AGYS)

Stephens Investment Management Group LLC acquired a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 54,909 shares of the software maker’s stock, valued at approximately $7,232,000. Stephens Investment Management Group LLC owned approximately 0.20% of Agilysys at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Synergy Asset Management LLC increased its holdings in shares of Agilysys by 19.1% during the fourth quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock worth $11,157,000 after buying an additional 13,785 shares in the last quarter. Eagle Asset Management Inc. raised its position 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 purchasing an additional 53,026 shares during the last quarter. State Street Corp boosted its stake in shares of Agilysys by 5.0% during the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after purchasing an additional 43,760 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Agilysys by 6.2% during the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after purchasing an additional 30,655 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Agilysys by 169.2% in the third quarter. CWM LLC now owns 673 shares of the software maker’s stock valued at $73,000 after buying an additional 423 shares during the period. Institutional investors own 88.00% of the company’s stock.

Insiders Place Their Bets

In other Agilysys news, CFO William David Wood III sold 1,870 shares of Agilysys stock in a transaction dated Monday, December 2nd. The stock was 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 owns 47,609 shares in the company, valued at approximately $6,380,082.09. The trade was a 3.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Mutch sold 500 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $137.86, for a total value of $68,930.00. Following the completion of the sale, the director now directly owns 34,654 shares of the company’s stock, valued at approximately $4,777,400.44. This trade represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,599 shares of company stock worth $8,913,222. Corporate insiders own 19.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Needham & Company LLC cut their target price on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Craig Hallum cut their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Oppenheimer reduced their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, BTIG Research boosted their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $138.00.

Agilysys Stock Up 0.6 %

Agilysys stock opened at $86.84 on Monday. The company has a market capitalization of $2.43 billion, a PE ratio of 108.55 and a beta of 0.93. Agilysys, Inc. has a 12-month low of $74.03 and a 12-month high of $142.64. The firm’s fifty day moving average is $121.72 and its 200 day moving average is $115.34. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The company 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 was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. As a group, sell-side analysts predict that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

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.