Segall Bryant & Hamill LLC Has $17.83 Million Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Segall Bryant & Hamill LLC trimmed its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 19.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,401 shares of the software maker’s stock after selling 31,933 shares during the period. Segall Bryant & Hamill LLC owned 0.48% of Agilysys worth $17,834,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in shares of Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares during the period. Harbor Investment Advisory LLC raised 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 buying an additional 193 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Agilysys by 381.8% in 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 during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Agilysys during the 4th quarter worth approximately $61,000. Finally, Assetmark Inc. acquired a new position in shares of Agilysys during the 4th quarter worth approximately $115,000. 88.00% of the stock is owned by institutional investors.

Agilysys Stock Up 0.5 %

NASDAQ AGYS opened at $77.84 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 97.30 and a beta of 0.98. The company has a 50 day moving average of $87.02 and a 200-day moving average of $108.75. Agilysys, Inc. has a 1-year low of $71.37 and a 1-year 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 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 during the quarter, compared to the consensus estimate of $73.15 million. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John Mutch sold 750 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 31,904 shares of the company’s stock, valued at approximately $2,403,328.32. This represents a 2.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total transaction of $725,100.00. Following the completion of the transaction, the director now directly owns 233,076 shares in the company, valued at $22,533,787.68. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 70,250 shares of company stock worth $8,708,238 over the last ninety days. Corporate insiders own 19.30% of the company’s stock.

Wall Street Analyst Weigh In

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