Amundi Increases Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Amundi boosted its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 126.5% in the 4th quarter, Holdings Channel reports. The firm owned 12,799 shares of the software maker’s stock after purchasing an additional 7,147 shares during the period. Amundi’s holdings in Agilysys were worth $1,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. FMR LLC increased its stake in Agilysys by 1,197.1% in the third quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after purchasing an additional 466,704 shares during the period. Lord Abbett & CO. LLC grew its holdings in shares of Agilysys by 47.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock worth $115,383,000 after buying an additional 340,424 shares during the last quarter. Principal Financial Group Inc. increased its position in Agilysys by 268.0% in the 4th quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker’s stock valued at $56,169,000 after acquiring an additional 310,573 shares during the period. Raymond James Financial Inc. purchased a new stake in Agilysys during the 4th quarter valued at approximately $19,637,000. Finally, Franklin Resources Inc. lifted its position in Agilysys by 434.3% during the 3rd quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock worth $11,477,000 after acquiring an additional 79,764 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AGYS. Needham & Company LLC dropped their target price on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Oppenheimer dropped their price objective 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. UBS Group set a $100.00 target price on shares of Agilysys in a research note on Wednesday, March 5th. Craig Hallum dropped their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Finally, Northland Securities raised their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Agilysys has a consensus rating of “Moderate Buy” and an average price target of $127.50.

Insiders Place Their Bets

In other Agilysys news, Director John Mutch sold 2,000 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $77.87, for a total transaction of $155,740.00. Following the completion of the transaction, the director now owns 32,654 shares of the company’s stock, valued at approximately $2,542,766.98. This trade represents a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total value of $725,100.00. Following the completion of the sale, the director now owns 233,076 shares in the company, valued at $22,533,787.68. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,500 shares of company stock worth $8,651,740. Insiders own 19.30% of the company’s stock.

Agilysys Stock Up 0.8 %

Shares of NASDAQ AGYS opened at $74.91 on Tuesday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 93.64 and a beta of 0.98. Agilysys, Inc. has a 52 week low of $71.37 and a 52 week high of $142.64. The firm has a 50-day moving average price of $93.61 and a 200 day moving average price of $110.12. 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 issued its quarterly earnings data 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 firm had revenue of $69.60 million during 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 revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. Equities research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Agilysys Company 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.