American Century Companies Inc. Acquires 19,994 Shares of Agilysys, Inc. (NASDAQ:AGYS)

American Century Companies Inc. increased its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 4.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 451,812 shares of the software maker’s stock after purchasing an additional 19,994 shares during the quarter. American Century Companies Inc. owned 1.62% of Agilysys worth $59,508,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Xponance Inc. bought a new stake in shares of Agilysys during the fourth quarter worth $224,000. Intech Investment Management LLC boosted its stake in Agilysys by 4.6% in the 4th quarter. Intech Investment Management LLC now owns 15,680 shares of the software maker’s stock worth $2,065,000 after purchasing an additional 688 shares during the period. Cibc World Markets Corp bought a new position in Agilysys during the 4th quarter worth about $278,000. Gallacher Capital Management LLC acquired a new stake in shares of Agilysys in the 4th quarter valued at about $233,000. Finally, Natixis Advisors LLC lifted its holdings in shares of Agilysys by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker’s stock valued at $1,398,000 after purchasing an additional 208 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Agilysys

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00. Following the completion of the sale, the director now directly owns 330,576 shares in the company, valued at $43,156,696.80. This trade represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John Mutch sold 750 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the completion of the transaction, the director now directly owns 31,904 shares in the company, valued at approximately $2,403,328.32. This represents a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 70,250 shares of company stock worth $8,708,238. 19.30% of the stock is owned by company insiders.

Agilysys Stock Performance

NASDAQ AGYS opened at $77.84 on Wednesday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 97.30 and a beta of 0.98. 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 firm’s fifty day moving average price is $87.02 and its two-hundred day moving average price is $108.75. Agilysys, Inc. has a 1 year low of $71.37 and a 1 year high of $142.64.

Agilysys (NASDAQ:AGYS) last issued its 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 for the quarter, compared to analysts’ expectations of $73.15 million. During the same period in the prior year, the firm earned $0.35 EPS. Agilysys’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

AGYS has been the subject of a number of research reports. Craig Hallum decreased their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Needham & Company LLC lowered their price objective 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. Oppenheimer cut their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. UBS Group set a $100.00 target price on shares of Agilysys in a research report on Wednesday, March 5th. Finally, Northland Securities boosted their price target 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. 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 an average rating of “Moderate Buy” and a consensus target price of $127.50.

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.