2,810 Shares in Agilysys, Inc. (NASDAQ:AGYS) Bought by Riverchase Wealth Management LLC

Riverchase Wealth Management LLC acquired a new stake in Agilysys, Inc. (NASDAQ:AGYS) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,810 shares of the software maker’s stock, valued at approximately $370,000.

A number of other large investors also recently bought and sold shares of the company. Synergy Asset Management LLC raised its holdings in Agilysys by 19.1% during the fourth quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock worth $11,157,000 after purchasing an additional 13,785 shares in the last quarter. State Street Corp increased its position in 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 during the period. Geode Capital Management LLC raised its stake 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 buying an additional 30,655 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after buying an additional 336 shares during the period. Finally, Atria Investments Inc purchased a new stake in shares of Agilysys in the fourth quarter valued at approximately $315,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

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

Agilysys Price Performance

NASDAQ:AGYS opened at $75.62 on Friday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 94.53 and a beta of 0.98. Agilysys, Inc. has a 12-month low of $71.37 and a 12-month high of $142.64. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average is $84.75 and its two-hundred day moving average is $108.30.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. Agilysys’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. Research analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.

Insider Activity at Agilysys

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $132.98, for a total transaction of $997,350.00. Following the completion of the transaction, the director now owns 270,576 shares of the company’s stock, valued at approximately $35,981,196.48. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Mutch sold 750 shares of Agilysys stock in a transaction on Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the transaction, the director now owns 31,904 shares in the company, valued at approximately $2,403,328.32. This trade represents a 2.30 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,250 shares of company stock worth $8,708,238. 19.30% of the stock is currently owned by insiders.

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.