Navellier & Associates Inc. Purchases 2,126 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Navellier & Associates Inc. boosted its position in Agilysys, Inc. (NASDAQ:AGYS) by 64.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,410 shares of the software maker’s stock after purchasing an additional 2,126 shares during the period. Navellier & Associates Inc.’s holdings in Agilysys were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new stake in shares of Agilysys during the 4th quarter worth approximately $61,000. Truist Financial Corp increased its stake in Agilysys by 2.6% in the fourth quarter. Truist Financial Corp now owns 14,038 shares of the software maker’s stock worth $1,849,000 after purchasing an additional 357 shares during the period. Principal Financial Group Inc. lifted its position in shares of Agilysys by 268.0% during the fourth quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker’s stock worth $56,169,000 after purchasing an additional 310,573 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Agilysys by 18.9% during the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock valued at $149,000 after purchasing an additional 180 shares during the period. Finally, Legato Capital Management LLC boosted its stake in shares of Agilysys by 1.4% during the fourth quarter. Legato Capital Management LLC now owns 77,470 shares of the software maker’s stock valued at $10,204,000 after purchasing an additional 1,085 shares during the period. Institutional investors own 88.00% of the company’s stock.

Insiders Place Their Bets

In other news, Director John Mutch sold 500 shares of the firm’s stock in a transaction 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 owns 34,654 shares of the company’s stock, valued at $4,777,400.44. This trade represents a 1.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total value of $725,100.00. Following the transaction, the director now owns 233,076 shares in the company, valued at approximately $22,533,787.68. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,599 shares of company stock worth $8,913,222. 19.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on AGYS. Oppenheimer reduced their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. Needham & Company LLC reduced 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. Northland Securities boosted their price target on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. BTIG Research raised their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. One 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.com, Agilysys has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Agilysys Stock Performance

Shares of AGYS stock opened at $77.54 on Friday. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 96.93 and a beta of 0.93. Agilysys, Inc. has a 52-week low of $74.03 and a 52-week 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 company’s 50 day moving average is $111.97 and its 200 day moving average is $113.66.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. On average, sell-side analysts anticipate 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.