EntryPoint Capital LLC Has $259,000 Position in Agilysys, Inc. (NASDAQ:AGYS)

EntryPoint Capital LLC cut its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 53.3% during the 4th quarter, Holdings Channel reports. The firm owned 1,970 shares of the software maker’s stock after selling 2,249 shares during the quarter. EntryPoint Capital LLC’s holdings in Agilysys were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of AGYS. Advisors Asset Management Inc. raised its stake in Agilysys by 117.4% in 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 during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Agilysys by 9.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 199,006 shares of the software maker’s stock worth $21,686,000 after acquiring an additional 16,935 shares during the last quarter. FMR LLC raised its stake in Agilysys by 1,197.1% in the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after acquiring an additional 466,704 shares during the period. Quantbot Technologies LP acquired a new stake in Agilysys during the 3rd quarter valued at $739,000. Finally, BNP Paribas Financial Markets boosted its position in Agilysys by 9.6% during the third quarter. BNP Paribas Financial Markets now owns 47,900 shares of the software maker’s stock worth $5,220,000 after purchasing an additional 4,213 shares during the period. 88.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Agilysys Trading Down 3.3 %

Shares of AGYS stock opened at $73.11 on Friday. The stock has a market cap of $2.04 billion, a P/E ratio of 91.39 and a beta of 0.98. Agilysys, Inc. has a 1 year low of $71.37 and a 1 year 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 stock has a 50 day simple moving average of $83.78 and a 200 day simple moving average of $108.11.

Agilysys (NASDAQ:AGYS) last released its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS. On average, research analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Agilysys news, Director John Mutch sold 750 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the sale, the director now directly owns 31,904 shares in the company, valued at $2,403,328.32. This represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total value of $725,100.00. Following the completion of the transaction, the director now owns 233,076 shares in the company, valued at approximately $22,533,787.68. The trade was a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,250 shares of company stock worth $8,708,238 over the last ninety days. Corporate insiders own 19.30% of the company’s stock.

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.