Fmr LLC Purchases 294,831 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Fmr LLC grew its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 58.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 800,521 shares of the software maker’s stock after acquiring an additional 294,831 shares during the period. Fmr LLC’s holdings in Agilysys were worth $105,437,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in Agilysys by 521.7% during the 4th quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker’s stock valued at $80,347,000 after buying an additional 511,900 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Agilysys by 729.1% during the 4th quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker’s stock valued at $52,487,000 after purchasing an additional 350,441 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of Agilysys by 47.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock worth $115,383,000 after purchasing an additional 340,424 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of 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 buying an additional 310,573 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Agilysys during the fourth quarter valued at approximately $19,637,000. Institutional investors own 88.00% of the company’s stock.

Agilysys Trading Up 0.7 %

NASDAQ AGYS opened at $69.17 on Tuesday. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The company’s 50-day moving average price is $76.97 and its 200-day moving average price is $105.01. The stock has a market cap of $1.93 billion, a PE ratio of 86.46 and a beta of 0.64. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping 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 business had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73.15 million. During the same period in the prior year, the firm earned $0.35 EPS. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. Equities research analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AGYS shares. Craig Hallum decreased 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. Northland Securities lifted their price objective on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Needham & Company LLC reduced their target price on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Oppenheimer dropped their price target on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $120.00.

Insider Buying and Selling at Agilysys

In other 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 directly owns 31,904 shares in the company, valued at approximately $2,403,328.32. This trade represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction that occurred 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 transaction, the director now directly owns 270,576 shares in the company, valued at approximately $35,981,196.48. The trade was a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,750 shares of company stock valued at $3,837,138 in the last ninety days. Corporate insiders own 19.30% of the company’s stock.

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.