Loomis Sayles & Co. L P Sells 14,263 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Loomis Sayles & Co. L P lessened its position in Agilysys, Inc. (NASDAQ:AGYS) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 488,159 shares of the software maker’s stock after selling 14,263 shares during the period. Loomis Sayles & Co. L P’s holdings in Agilysys were worth $64,295,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. FMR LLC increased its holdings in Agilysys by 1,197.1% during the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after purchasing an additional 466,704 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Agilysys by 729.1% during the fourth quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker’s stock valued at $52,487,000 after buying an additional 350,441 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of 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 acquiring an additional 340,424 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Agilysys by 268.0% in the fourth quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker’s stock worth $56,169,000 after acquiring an additional 310,573 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Agilysys in the fourth quarter valued at $19,637,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Craig Hallum reduced their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Oppenheimer dropped their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. Northland Securities increased their price objective on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Needham & Company LLC dropped their target price 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. Finally, UBS Group set a $100.00 price target on shares of Agilysys in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.50.

Insider Buying and Selling at Agilysys

In related news, Director John Mutch sold 750 shares of the 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 transaction, the director now owns 31,904 shares in the company, valued at $2,403,328.32. This represents a 2.30 % 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 Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total transaction of $979,125.00. Following the completion of the sale, the director now owns 330,576 shares in the company, valued at $43,156,696.80. This represents a 2.22 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,250 shares of company stock worth $8,708,238. Insiders own 19.30% of the company’s stock.

Agilysys Price Performance

AGYS opened at $76.80 on Thursday. Agilysys, Inc. has a 1 year low of $71.37 and a 1 year high of $142.64. The stock has a 50-day moving average price of $85.90 and a 200-day moving average price of $108.53. The firm has a market cap of $2.15 billion, a PE ratio of 96.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Sell-side analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Agilysys Company Profile

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.