1,768 Shares in Agilysys, Inc. (NASDAQ:AGYS) Purchased by Gallacher Capital Management LLC

Gallacher Capital Management LLC purchased a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,768 shares of the software maker’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. grew its holdings in shares of Agilysys by 117.4% during 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 during the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after buying an additional 193 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after buying an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of Agilysys during the fourth quarter worth about $61,000. Finally, Assetmark Inc. purchased a new position in shares of Agilysys during the fourth quarter worth about $115,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Price Performance

AGYS stock opened at $74.35 on Monday. The firm has a 50 day moving average of $94.71 and a 200-day moving average of $110.38. Agilysys, Inc. has a 12-month low of $71.37 and a 12-month high of $142.64. 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 $2.08 billion, a price-to-earnings ratio of 92.94 and a beta of 0.98.

Agilysys (NASDAQ:AGYS) last posted its quarterly 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. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. During the same period last year, the firm earned $0.35 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, equities analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Insider Activity

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $130.34, for a total transaction of $977,550.00. Following the completion of the transaction, the director now directly owns 315,576 shares in the company, valued at $41,132,175.84. The trade was a 2.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $77.87, for a total value of $155,740.00. Following the transaction, the director now owns 32,654 shares of the company’s stock, valued at $2,542,766.98. This represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 69,500 shares of company stock worth $8,651,740. Company insiders own 19.30% of the company’s stock.

Analyst Upgrades and Downgrades

AGYS has been the topic of a number of research reports. Northland Securities raised their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Craig Hallum lowered their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. UBS Group set a $100.00 price objective on Agilysys in a report on Wednesday, March 5th. Needham & Company LLC lowered their price objective on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Finally, Oppenheimer lowered their price objective on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $127.50.

Agilysys 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.