Blue Trust Inc. Buys 180 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Blue Trust Inc. increased its stake in Agilysys, Inc. (NASDAQ:AGYS) by 18.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,130 shares of the software maker’s stock after purchasing an additional 180 shares during the period. Blue Trust Inc.’s holdings in Agilysys were worth $149,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC lifted 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 valued at $115,383,000 after purchasing an additional 340,424 shares in the last quarter. State Street Corp raised its position in Agilysys by 5.0% in the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after buying an additional 43,760 shares during the last quarter. Geneva Capital Management LLC lifted its stake in Agilysys by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock valued at $73,597,000 after acquiring an additional 2,687 shares in the last quarter. Geode Capital Management LLC boosted its position in Agilysys by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after acquiring an additional 30,655 shares during the last quarter. Finally, FMR LLC boosted its position in Agilysys by 1,197.1% during the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock worth $55,105,000 after acquiring an additional 466,704 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

AGYS has been the topic of a number of research reports. Craig Hallum cut their price objective on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. BTIG Research increased 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. Oppenheimer lowered their target price on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. Finally, Northland Securities increased their price target on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

Insider Transactions at Agilysys

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total transaction of $725,100.00. Following the completion of the sale, the director now owns 233,076 shares of the company’s stock, valued at approximately $22,533,787.68. The trade was a 3.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Melvin L. Keating sold 3,280 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $122.84, for a total transaction of $402,915.20. Following the completion of the transaction, the director now directly owns 34,407 shares in the company, valued at approximately $4,226,555.88. This represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 73,879 shares of company stock worth $9,316,137. 19.30% of the stock is owned by company insiders.

Agilysys Stock Performance

Shares of AGYS opened at $88.14 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The firm has a 50-day moving average of $124.54 and a 200-day moving average of $115.85. The company has a market cap of $2.46 billion, a PE ratio of 110.18 and a beta of 0.93. Agilysys, Inc. has a one year low of $74.03 and a one year high of $142.64.

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

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.