Sei Investments Co. Cuts Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Sei Investments Co. lessened its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 6.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,933 shares of the software maker’s stock after selling 3,271 shares during the period. Sei Investments Co. owned approximately 0.16% of Agilysys worth $6,050,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC grew its holdings in shares of Agilysys by 109.0% during 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 period. Smartleaf Asset Management LLC lifted its position in Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after buying an additional 336 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Agilysys during the fourth quarter worth approximately $61,000. Assetmark Inc. acquired a new stake in shares of Agilysys in the fourth quarter worth $115,000. Finally, KBC Group NV raised its stake in shares of Agilysys by 71.3% in the 4th quarter. KBC Group NV now owns 1,127 shares of the software maker’s stock valued at $148,000 after acquiring an additional 469 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Trading Down 0.4 %

AGYS opened at $72.26 on Wednesday. Agilysys, Inc. has a 12-month low of $70.40 and a 12-month high of $142.64. 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 stock has a market capitalization of $2.02 billion, a PE ratio of 90.33 and a beta of 0.98. The firm’s fifty day moving average price is $81.72 and its 200 day moving average price is $107.79.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping the consensus estimate 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 net margin of 8.45% and a return on equity of 9.38%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share. As a group, research analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Insider Transactions at Agilysys

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00. Following the sale, the director now directly owns 330,576 shares of the company’s stock, valued at approximately $43,156,696.80. This represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Mutch sold 750 shares of Agilysys stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the transaction, the director now directly owns 31,904 shares of the company’s stock, valued at $2,403,328.32. This trade represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,250 shares of company stock worth $8,708,238. 19.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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