Agilysys, Inc. (NASDAQ:AGYS) Holdings Lifted by Natixis Advisors LLC

Natixis Advisors LLC boosted its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,612 shares of the software maker’s stock after buying an additional 208 shares during the period. Natixis Advisors LLC’s holdings in Agilysys were worth $1,398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Lord Abbett & CO. LLC grew its position in Agilysys by 47.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after purchasing an additional 340,424 shares in the last quarter. State Street Corp grew its holdings in shares of Agilysys by 5.0% during the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after acquiring an additional 43,760 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Agilysys by 6.2% in the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after acquiring an additional 30,655 shares during the last quarter. FMR LLC raised its holdings in shares of Agilysys by 1,197.1% during the third quarter. FMR LLC now owns 505,690 shares of the software maker’s stock worth $55,105,000 after acquiring an additional 466,704 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in Agilysys by 5.3% during the third quarter. Loomis Sayles & Co. L P now owns 502,422 shares of the software maker’s stock valued at $54,749,000 after purchasing an additional 25,254 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Agilysys

In other Agilysys news, Director John Mutch sold 750 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 31,904 shares of the company’s stock, valued at $2,403,328.32. This represents a 2.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $132.98, for a total value of $997,350.00. Following the sale, the director now directly owns 270,576 shares in the company, valued at $35,981,196.48. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,250 shares of company stock worth $8,708,238 in the last ninety days. 19.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AGYS shares. Northland Securities raised their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. 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. Needham & Company LLC reduced their price objective 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. Finally, Oppenheimer lowered their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report 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 data from MarketBeat, Agilysys currently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

Agilysys Stock Up 0.5 %

Agilysys stock opened at $77.84 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The firm has a fifty day moving average price of $87.02 and a two-hundred day moving average price of $108.75. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 97.30 and a beta of 0.98. Agilysys, Inc. has a fifty-two week low of $71.37 and a fifty-two week high of $142.64.

Agilysys (NASDAQ:AGYS) last released its 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. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.15 million. During the same quarter last year, the firm posted $0.35 EPS. The company’s revenue was up 14.9% on a year-over-year basis. As a group, analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current 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.