6,779 Shares in Agilysys, Inc. (NASDAQ:AGYS) Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in Agilysys, Inc. (NASDAQ:AGYS) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,779 shares of the software maker’s stock, valued at approximately $739,000.

Other large investors also recently made changes to their positions in the company. CWM LLC grew its holdings in shares of Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after acquiring an additional 199 shares during the last quarter. GAMMA Investing LLC increased its stake in Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Agilysys during the 2nd quarter worth about $32,000. Advisors Asset Management Inc. lifted its stake in Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after buying an additional 182 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Agilysys in the third quarter worth about $46,000. Institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on AGYS. Needham & Company LLC upped their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Northland Securities restated an “outperform” rating and issued a $145.00 target price (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer increased their price objective on Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, BTIG Research raised their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.80.

Insider Activity at Agilysys

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $102.03, for a total value of $1,020,300.00. Following the completion of the sale, the chief executive officer now owns 738,367 shares of the company’s stock, valued at $75,335,585.01. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris J. Robertson sold 264 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the completion of the sale, the insider now owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. This trade represents a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,523 shares of company stock valued at $2,971,199. Insiders own 19.30% of the company’s stock.

Agilysys Price Performance

AGYS opened at $132.24 on Tuesday. The stock has a fifty day moving average price of $116.42 and a 200 day moving average price of $108.13. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $139.99. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 37.68 and a beta of 0.85.

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 the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. During the same period in the previous year, the company earned $0.25 EPS. The firm’s revenue was up 16.6% on a year-over-year basis. Analysts forecast that Agilysys, Inc. will post 0.81 EPS 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.