Agilysys, Inc. (NASDAQ:AGYS) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in Agilysys, Inc. (NASDAQ:AGYS) by 2.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 204,665 shares of the software maker’s stock after purchasing an additional 5,659 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Agilysys were worth $26,956,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AGYS. Blue Trust Inc. grew its holdings in shares of Agilysys by 18.9% during the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock valued at $149,000 after acquiring an additional 180 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares during the last quarter. Harbor Investment Advisory LLC grew its position in Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after purchasing an additional 193 shares during the last quarter. Albert D Mason Inc. increased its stake in Agilysys by 2.3% during the fourth quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker’s stock valued at $1,554,000 after acquiring an additional 267 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Agilysys by 4.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,589 shares of the software maker’s stock valued at $827,000 after purchasing an additional 312 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Trading Up 0.8 %

Shares of Agilysys stock opened at $74.91 on Tuesday. 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 business’s 50 day moving average is $93.61 and its 200-day moving average is $110.12. Agilysys, Inc. has a 12-month low of $71.37 and a 12-month high of $142.64. The stock has a market cap of $2.09 billion, a P/E ratio of 93.64 and a beta of 0.98.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share 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 analysts’ expectations of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS. Equities research analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AGYS. Northland Securities increased their target price on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Oppenheimer decreased their price objective on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. UBS Group set a $100.00 price target on shares of Agilysys in a research report on Wednesday, March 5th. Craig Hallum dropped their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Finally, Needham & Company LLC lowered their target price on shares of 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 stock. According to MarketBeat.com, Agilysys has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Insider Activity

In other Agilysys news, Director John Mutch sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $77.87, for a total value of $155,740.00. Following the transaction, the director now directly owns 32,654 shares of the company’s stock, valued at $2,542,766.98. This trade represents a 5.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $132.98, for a total transaction of $997,350.00. Following the sale, the director now owns 270,576 shares in the company, valued at $35,981,196.48. This represents a 2.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,500 shares of company stock valued at $8,651,740. 19.30% of the stock is owned by insiders.

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.