American Century Companies Inc. Has $59.51 Million Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

American Century Companies Inc. boosted its position in Agilysys, Inc. (NASDAQ:AGYS) by 4.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 451,812 shares of the software maker’s stock after buying an additional 19,994 shares during the quarter. American Century Companies Inc.’s holdings in Agilysys were worth $59,508,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AGYS. Synergy Asset Management LLC lifted its stake in Agilysys by 19.1% in the 4th quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock valued at $11,157,000 after purchasing an additional 13,785 shares during the last quarter. State Street Corp boosted its stake in shares of Agilysys by 5.0% in the 3rd 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 during the last quarter. Geode Capital Management LLC boosted its position in Agilysys by 6.2% during the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after acquiring an additional 30,655 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after purchasing an additional 336 shares during the period. Finally, Atria Investments Inc bought a new stake in shares of Agilysys in the 4th quarter valued at $315,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insider Transactions at Agilysys

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 315,576 shares of the company’s stock, valued at $41,132,175.84. This represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Mutch sold 750 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $75.33, for a total value of $56,497.50. Following the completion of the sale, the director now directly owns 31,904 shares of the company’s stock, valued at $2,403,328.32. The trade was a 2.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,250 shares of company stock worth $8,708,238. 19.30% of the stock is currently owned by insiders.

Agilysys Stock Performance

NASDAQ:AGYS opened at $77.84 on Wednesday. Agilysys, Inc. has a twelve month low of $71.37 and a twelve month 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 stock has a market cap of $2.18 billion, a P/E ratio of 97.30 and a beta of 0.98. The business’s 50-day moving average price is $87.02 and its two-hundred day moving average price is $108.75.

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, topping the consensus estimate of $0.34 by $0.04. The company had revenue of $69.60 million during the quarter, compared to analyst estimates of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. As a group, equities analysts predict that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AGYS has been the subject of a number of research analyst reports. Northland Securities boosted their target price on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Oppenheimer cut their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. 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. UBS Group set a $100.00 target price on shares of Agilysys in a research report on Wednesday, March 5th. Finally, Craig Hallum reduced their target price on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

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.