Albert D Mason Inc. Purchases 267 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Albert D Mason Inc. lifted its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 2.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 11,798 shares of the software maker’s stock after buying an additional 267 shares during the quarter. Albert D Mason Inc.’s holdings in Agilysys were worth $1,554,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AGYS. Advisors Asset Management Inc. lifted its stake in Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after acquiring an additional 182 shares during the period. GAMMA Investing LLC lifted its position in Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after purchasing an additional 166 shares during the period. NBC Securities Inc. purchased a new stake in Agilysys in the third quarter worth approximately $46,000. Exchange Traded Concepts LLC grew its position in Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after purchasing an additional 205 shares during the period. Finally, CWM LLC raised its stake in Agilysys by 169.2% during the 3rd quarter. CWM LLC now owns 673 shares of the software maker’s stock valued at $73,000 after buying an additional 423 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AGYS shares. Needham & Company LLC raised their price target on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Northland Securities boosted their price target on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Oppenheimer increased their price objective on shares of Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, BTIG Research increased their price target on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and six have assigned 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 $146.00.

Agilysys Trading Down 8.4 %

Shares of NASDAQ:AGYS opened at $121.81 on Friday. Agilysys, Inc. has a 12-month low of $74.03 and a 12-month high of $142.64. The company has a market cap of $3.40 billion, a PE ratio of 34.70 and a beta of 0.94. The stock has a 50 day moving average of $131.82 and a 200 day moving average of $116.44. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. As a group, equities research analysts expect that Agilysys, Inc. will post 0.81 EPS for the current year.

Insiders Place Their Bets

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $132.98, for a total transaction of $997,350.00. Following the completion of the transaction, the director now owns 270,576 shares in the company, valued at approximately $35,981,196.48. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chris J. Robertson sold 264 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the transaction, the insider now directly owns 22,624 shares of the company’s stock, valued at $2,281,856.64. The trade was a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,122 shares of company stock worth $7,099,841. Corporate insiders own 19.30% of the company’s stock.

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.