1,718 Shares in Agilysys, Inc. (NASDAQ:AGYS) Acquired by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC bought a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,718 shares of the software maker’s stock, valued at approximately $226,000.

A number of other large investors have also recently added to or reduced their stakes in AGYS. FMR LLC boosted its stake in shares of 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 in the last quarter. Lord Abbett & CO. LLC boosted its position in shares of Agilysys by 47.4% in the 3rd 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 during the period. Principal Financial Group Inc. increased its stake in Agilysys by 268.0% in the 4th quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker’s stock worth $56,169,000 after purchasing an additional 310,573 shares in the last quarter. Franklin Resources Inc. increased its stake in Agilysys by 434.3% in the 3rd quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock worth $11,477,000 after purchasing an additional 79,764 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its holdings in Agilysys by 25.0% during the 4th quarter. Conestoga Capital Advisors LLC now owns 356,239 shares of the software maker’s stock worth $46,920,000 after buying an additional 71,168 shares during the period. 88.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Northland Securities raised their target price on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Oppenheimer decreased their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. Needham & Company LLC cut their target price on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Finally, Craig Hallum decreased their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Insider Activity at Agilysys

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00. Following the transaction, the director now directly owns 315,576 shares of the company’s stock, valued at $41,132,175.84. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders sold 67,500 shares of company stock valued at $8,496,000. 19.30% of the stock is owned by corporate insiders.

Agilysys Trading Up 2.0 %

Shares of NASDAQ:AGYS opened at $80.10 on Wednesday. The firm has a fifty day moving average of $104.01 and a two-hundred day moving average of $112.29. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. Agilysys, Inc. has a 12-month low of $74.03 and a 12-month high of $142.64. The firm has a market capitalization of $2.24 billion, a P/E ratio of 100.13 and a beta of 0.93.

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

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.