Bank of Montreal Can Increases Position in Agilysys, Inc. (NASDAQ:AGYS)

Bank of Montreal Can lifted its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 14.9% in the fourth quarter, HoldingsChannel reports. The firm owned 3,309 shares of the software maker’s stock after buying an additional 430 shares during the quarter. Bank of Montreal Can’s holdings in Agilysys were worth $436,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Harbor Investment Advisory LLC increased its stake in Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after purchasing an additional 193 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after acquiring an additional 336 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Agilysys during the 4th quarter valued at approximately $61,000. Assetmark Inc. acquired a new stake in shares of Agilysys in the 4th quarter worth $115,000. Finally, Huntington National Bank lifted its holdings in shares of Agilysys by 319.1% in the 4th quarter. Huntington National Bank now owns 922 shares of the software maker’s stock valued at $121,000 after buying an additional 702 shares during the period. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Stock Performance

AGYS stock opened at $69.11 on Wednesday. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The firm has a 50 day moving average of $75.02 and a two-hundred day moving average of $103.45. 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 company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 86.39 and a beta of 0.64.

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. The firm had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. As a group, equities analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Insider Activity

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total value of $725,100.00. Following the transaction, the director now directly owns 233,076 shares in the company, valued at $22,533,787.68. The trade was a 3.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Mutch sold 750 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the transaction, the director now owns 31,904 shares in the company, valued at approximately $2,403,328.32. This trade represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,250 shares of company stock worth $937,338. Corporate insiders own 19.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on AGYS shares. Northland Securities boosted their target price on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC decreased 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. UBS Group set a $100.00 price objective on Agilysys in a research note on Wednesday, March 5th. Craig Hallum cut their target price 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, Oppenheimer reduced their target price on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. 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.com, Agilysys currently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

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.