Great Lakes Advisors LLC Acquires Shares of 85,405 Agilysys, Inc. (NASDAQ:AGYS)

Great Lakes Advisors LLC acquired a new stake in Agilysys, Inc. (NASDAQ:AGYS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 85,405 shares of the software maker’s stock, valued at approximately $11,249,000. Great Lakes Advisors LLC owned approximately 0.31% of Agilysys at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC grew its holdings in 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 buying an additional 340,424 shares in the last quarter. State Street Corp grew its holdings in shares of Agilysys by 5.0% during the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after purchasing an additional 43,760 shares in the last quarter. Geneva Capital Management LLC grew its holdings in shares of Agilysys by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock worth $73,597,000 after purchasing an additional 2,687 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 30,655 shares in the last quarter. Finally, FMR LLC grew its holdings 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 purchasing an additional 466,704 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Agilysys

In other Agilysys news, Director John Mutch sold 2,000 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the transaction, the director now directly owns 32,654 shares in the company, valued at approximately $2,542,766.98. This trade represents a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $132.98, for a total value of $997,350.00. Following the transaction, the director now owns 270,576 shares of the company’s stock, valued at $35,981,196.48. This trade represents a 2.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,500 shares of company stock worth $8,651,740. 19.30% of the stock is currently owned by insiders.

Agilysys Price Performance

Shares of AGYS stock opened at $74.19 on Thursday. 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 twelve month low of $72.72 and a twelve month high of $142.64. The company has a market cap of $2.07 billion, a P/E ratio of 92.74 and a beta of 0.98. The business has a fifty day simple moving average of $97.06 and a 200 day simple moving average of $110.92.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The firm had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. On average, sell-side analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AGYS shares. UBS Group set a $100.00 target price on Agilysys in a report on Wednesday, March 5th. Northland Securities increased their target price on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Craig Hallum reduced their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Oppenheimer reduced their target price on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Finally, Needham & Company LLC dropped their price objective on Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Agilysys has an average rating of “Moderate Buy” and a consensus target price of $127.50.

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.