Shaker Investments LLC OH Purchases Shares of 8,230 Agilysys, Inc. (NASDAQ:AGYS)

Shaker Investments LLC OH acquired a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) in the 4th quarter, Holdings Channel reports. The fund acquired 8,230 shares of the software maker’s stock, valued at approximately $1,084,000.

Several other institutional investors also recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its stake in Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares in the last quarter. GAMMA Investing LLC raised its position in Agilysys by 66.7% in the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after purchasing an additional 166 shares during the period. NBC Securities Inc. purchased a new position in Agilysys in the 3rd quarter worth $46,000. Harbor Investment Advisory LLC lifted 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 worth $49,000 after purchasing an additional 193 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after buying an additional 205 shares during the period. 88.00% of the stock is currently owned by institutional investors.

Agilysys Stock Down 1.5 %

Shares of NASDAQ:AGYS opened at $85.56 on Tuesday. The firm has a market capitalization of $2.39 billion, a P/E ratio of 106.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The stock has a 50 day moving average price of $121.72 and a 200-day moving average price of $115.41. Agilysys, Inc. has a 52-week low of $74.03 and a 52-week high of $142.64.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Tuesday, January 21st. The software maker reported $0.38 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 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. As a group, equities research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AGYS shares. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. BTIG Research increased their price target on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Oppenheimer decreased their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. Needham & Company LLC lowered their price objective on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Craig Hallum cut their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Insiders Place Their Bets

In other news, insider Chris J. Robertson sold 729 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total transaction of $97,693.29. Following the transaction, the insider now directly owns 21,895 shares of the company’s stock, valued at $2,934,148.95. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Mutch sold 500 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $137.86, for a total value of $68,930.00. Following the completion of the transaction, the director now directly owns 34,654 shares of the company’s stock, valued at approximately $4,777,400.44. This trade represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,599 shares of company stock worth $8,913,222. 19.30% of the stock is currently owned by company insiders.

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.