Great Lakes Advisors LLC Invests $11.25 Million in Agilysys, Inc. (NASDAQ:AGYS)

Great Lakes Advisors LLC acquired a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 85,405 shares of the software maker’s stock, valued at approximately $11,249,000.

A number of other hedge funds also recently made changes to their positions in AGYS. US Bancorp DE raised its position in shares of Agilysys by 11.2% during the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after acquiring an additional 122 shares during the last quarter. Amalgamated Bank grew its stake in Agilysys by 5.3% during the third quarter. Amalgamated Bank now owns 6,496 shares of the software maker’s stock worth $708,000 after purchasing an additional 325 shares during the period. Principal Financial Group Inc. grew its stake in Agilysys by 2.6% during the third quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker’s stock worth $12,630,000 after purchasing an additional 2,949 shares during the period. Geneva Capital Management LLC grew its stake in Agilysys by 0.4% during the third quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock worth $73,597,000 after purchasing an additional 2,687 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in Agilysys by 4.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,589 shares of the software maker’s stock worth $827,000 after purchasing an additional 312 shares during the period. 88.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Craig Hallum decreased their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. UBS Group set a $100.00 target price on Agilysys in a research note on Wednesday, March 5th. Northland Securities raised their target price on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Oppenheimer decreased their target price on Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC reduced their price objective on Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Insider Activity at Agilysys

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction on Monday, January 6th. The stock was sold at an average price of $130.34, for a total transaction of $977,550.00. Following the sale, the director now directly owns 315,576 shares in the company, valued at approximately $41,132,175.84. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction on Friday, March 7th. The stock was sold at an average price of $77.87, for a total value of $155,740.00. Following the sale, the director now owns 32,654 shares in the company, valued at $2,542,766.98. This trade represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,500 shares of company stock valued at $8,651,740 over the last 90 days. Insiders own 19.30% of the company’s stock.

Agilysys Trading Down 1.4 %

Shares of Agilysys stock opened at $74.19 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. Agilysys, Inc. has a 52 week low of $72.72 and a 52 week high of $142.64. The stock has a 50 day moving average price of $97.06 and a two-hundred day moving average price of $110.92. The stock has a market capitalization of $2.07 billion, a PE ratio of 92.74 and a beta of 0.98.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 9.38% and a net margin of 8.45%. Agilysys’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 earnings per share. As a group, equities analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Agilysys 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.