Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by Credit Suisse AG


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Credit Suisse AG boosted its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 31.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,890 shares of the software maker’s stock after buying an additional 4,998 shares during the period. Credit Suisse AG owned 0.09% of Agilysys worth $802,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AGYS. BlackRock Inc. boosted its stake in shares of Agilysys by 2.7% in the fourth quarter. BlackRock Inc. now owns 2,986,869 shares of the software maker’s stock worth $114,634,000 after acquiring an additional 79,058 shares during the last quarter. Nine Ten Capital Management LLC boosted its stake in Agilysys by 15.2% during the 4th quarter. Nine Ten Capital Management LLC now owns 1,553,458 shares of the software maker’s stock worth $59,622,000 after purchasing an additional 205,146 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Agilysys by 138.2% during the fourth quarter. Lord Abbett & CO. LLC now owns 631,420 shares of the software maker’s stock worth $24,234,000 after buying an additional 366,326 shares in the last quarter. Royce & Associates LP raised its position in shares of Agilysys by 3.2% in the fourth quarter. Royce & Associates LP now owns 489,587 shares of the software maker’s stock valued at $18,790,000 after buying an additional 15,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Agilysys by 8.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 230,004 shares of the software maker’s stock worth $5,557,000 after buying an additional 16,941 shares in the last quarter. 98.83% of the stock is owned by institutional investors and hedge funds.

NASDAQ:AGYS opened at $48.67 on Thursday. The company’s 50-day moving average is $54.72 and its two-hundred day moving average is $40.66. Agilysys, Inc. has a 1-year low of $15.51 and a 1-year high of $64.09. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -43.45 and a beta of 1.41.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, January 25th. The software maker reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The firm had revenue of $36.70 million for the quarter, compared to analysts’ expectations of $36.09 million. Agilysys had a negative return on equity of 28.60% and a negative net margin of 16.61%. Agilysys’s quarterly revenue was down 12.6% compared to the same quarter last year. Sell-side analysts anticipate that Agilysys, Inc. will post 0.49 EPS for the current year.

In other news, SVP Prabuddha Biswas sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $60.28, for a total value of $150,700.00. Also, SVP Donald Anthony Demarinis sold 8,000 shares of the stock in a transaction that occurred on Friday, February 12th. The stock was sold at an average price of $56.50, for a total transaction of $452,000.00. Corporate insiders own 21.70% of the company’s stock.

Several analysts recently issued reports on the stock. Northland Securities upped their price objective on shares of Agilysys from $45.00 to $66.00 in a research note on Thursday, March 18th. Zacks Investment Research cut Agilysys from a “buy” rating to a “hold” rating in a report on Monday, February 1st. Finally, Craig Hallum downgraded Agilysys from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $32.00 to $45.00 in a research report on Wednesday, January 27th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $44.50.

Agilysys Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. The company offers point of sale, property management systems, payment, inventory and procurement, reservations, table management, activity scheduling, document management, and analytics and marketing loyalty solutions to enhance guest experience.

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Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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