William Blair Investment Management LLC Has $60.25 Million Stake in Agilysys, Inc. (NASDAQ:AGYS)

William Blair Investment Management LLC reduced its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 457,420 shares of the software maker’s stock after selling 8,429 shares during the period. William Blair Investment Management LLC owned 1.64% of Agilysys worth $60,247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AGYS. Oppenheimer Asset Management Inc. grew its holdings in shares of Agilysys by 4.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,589 shares of the software maker’s stock valued at $827,000 after acquiring an additional 312 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Agilysys by 1.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 188,536 shares of the software maker’s stock valued at $20,545,000 after acquiring an additional 3,148 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Agilysys during the 3rd quarter valued at $689,000. Advisors Asset Management Inc. grew its holdings in shares of Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after acquiring an additional 182 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Agilysys by 129.3% during the 3rd quarter. Intech Investment Management LLC now owns 14,992 shares of the software maker’s stock valued at $1,634,000 after acquiring an additional 8,453 shares in the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00. Following the completion of the transaction, the director now owns 315,576 shares of the company’s stock, valued at approximately $41,132,175.84. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Mutch sold 2,000 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the transaction, the director now directly owns 32,654 shares of the company’s stock, valued at $2,542,766.98. This represents a 5.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,500 shares of company stock valued at $8,651,740. Insiders own 19.30% of the company’s stock.

Agilysys Stock Up 0.8 %

AGYS stock opened at $74.91 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. Agilysys, Inc. has a 52-week low of $71.37 and a 52-week high of $142.64. The company has a 50-day moving average of $93.61 and a two-hundred day moving average of $110.12. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 93.64 and a beta of 0.98.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results 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 net margin of 8.45% and a return on equity of 9.38%. The company had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. During the same period in the prior year, the company earned $0.35 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.