Agilysys, Inc. (NASDAQ:AGYS) Shares Acquired by State Street Corp

State Street Corp lifted its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 5.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 918,823 shares of the software maker’s stock after purchasing an additional 43,760 shares during the quarter. State Street Corp owned about 3.29% of Agilysys worth $100,124,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AGYS. Eagle Asset Management Inc. raised its stake in Agilysys by 59.1% in the third quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock valued at $16,959,000 after buying an additional 53,026 shares during the last quarter. Natixis Advisors LLC purchased a new position in shares of Agilysys in the 2nd quarter valued at approximately $1,111,000. Seven Eight Capital LP acquired a new stake in Agilysys in the 2nd quarter worth approximately $580,000. William Blair Investment Management LLC purchased a new stake in Agilysys during the 2nd quarter worth approximately $21,039,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Agilysys by 159.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,399 shares of the software maker’s stock valued at $1,083,000 after purchasing an additional 6,387 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insider Buying and Selling

In other news, insider Chris J. Robertson sold 264 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the sale, the insider now directly owns 22,624 shares of the company’s stock, valued at $2,281,856.64. This represents a 1.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William David Wood III sold 1,870 shares of Agilysys stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $134.01, for a total value of $250,598.70. Following the completion of the transaction, the chief financial officer now owns 47,609 shares of the company’s stock, valued at approximately $6,380,082.09. This represents a 3.78 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,122 shares of company stock valued at $1,231,391. Corporate insiders own 19.30% of the company’s stock.

Analysts Set New Price Targets

AGYS has been the subject of several research reports. BTIG Research lifted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC increased their price objective on Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. Oppenheimer lifted their target price on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Northland Securities reissued an “outperform” rating and set a $145.00 price target (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $137.80.

Agilysys Stock Performance

Shares of AGYS stock opened at $132.93 on Monday. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $139.99. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The stock has a market cap of $3.72 billion, a PE ratio of 37.87 and a beta of 0.93. The business has a 50-day simple moving average of $120.96 and a 200-day simple moving average of $109.99.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. Agilysys’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. On average, equities analysts expect that Agilysys, Inc. will post 0.81 EPS for the current 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.