Olympiad Research LP Has $357,000 Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Olympiad Research LP lowered its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 62.7% in the 4th quarter, HoldingsChannel reports. The firm owned 2,710 shares of the software maker’s stock after selling 4,558 shares during the period. Olympiad Research LP’s holdings in Agilysys were worth $357,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its stake in Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after purchasing an additional 182 shares during the period. Harbor Investment Advisory LLC grew its stake in Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after purchasing an additional 193 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in Agilysys during the fourth quarter worth approximately $61,000. CWM LLC grew its stake in Agilysys by 169.2% during the third quarter. CWM LLC now owns 673 shares of the software maker’s stock worth $73,000 after purchasing an additional 423 shares during the period. Finally, Blue Trust Inc. grew its stake in Agilysys by 1,838.8% during the third quarter. Blue Trust Inc. now owns 950 shares of the software maker’s stock worth $99,000 after purchasing an additional 901 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AGYS has been the subject of a number of research reports. Northland Securities raised their price objective on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Needham & Company LLC reduced their price objective on Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. BTIG Research raised their price objective on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, Oppenheimer reduced their price objective on Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. 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, Agilysys has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Insider Activity at Agilysys

In related news, insider Chris J. Robertson sold 729 shares of Agilysys stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total transaction of $97,693.29. Following the sale, the insider now directly owns 21,895 shares in the company, valued at approximately $2,934,148.95. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total value of $725,100.00. Following the sale, the director now owns 233,076 shares in the company, valued at $22,533,787.68. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,599 shares of company stock valued at $8,913,222 over the last 90 days. Insiders own 19.30% of the company’s stock.

Agilysys Stock Down 4.2 %

Shares of NASDAQ:AGYS opened at $77.54 on Friday. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 96.93 and a beta of 0.93. 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 business’s 50 day moving average is $111.97 and its 200 day moving average is $113.66.

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, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $69.60 million for 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 in the previous year, the firm earned $0.35 earnings per share. On average, sell-side analysts forecast that Agilysys, Inc. will post 0.8 earnings per share 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.