D.A. Davidson & CO. Decreases Stake in Agilysys, Inc. (NASDAQ:AGYS)

D.A. Davidson & CO. cut its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,996 shares of the software maker’s stock after selling 160 shares during the quarter. D.A. Davidson & CO.’s holdings in Agilysys were worth $1,416,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Agilysys during the 2nd quarter valued at about $1,847,000. Eagle Asset Management Inc. lifted its holdings in shares of Agilysys by 59.1% during the third quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock worth $16,959,000 after purchasing an additional 53,026 shares during the period. Natixis Advisors LLC purchased a new stake in Agilysys in the second quarter valued at approximately $1,111,000. Seven Eight Capital LP acquired a new position in Agilysys in the 2nd quarter worth approximately $580,000. Finally, William Blair Investment Management LLC purchased a new position in Agilysys during the 2nd quarter worth approximately $21,039,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Agilysys

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the completion of the sale, the chief executive officer now directly owns 778,367 shares in the company, valued at approximately $85,441,345.59. The trade was a 1.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kyle C. Badger sold 471 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $47,505.06. Following the completion of the transaction, the senior vice president now owns 115,117 shares in the company, valued at approximately $11,610,700.62. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,523 shares of company stock valued at $4,068,899 over the last ninety days. Corporate insiders own 19.30% of the company’s stock.

Agilysys Price Performance

Shares of Agilysys stock opened at $134.30 on Friday. The firm has a market cap of $3.75 billion, a PE ratio of 38.26 and a beta of 0.85. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $139.99. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $115.92 and a 200 day moving average price of $107.82.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. During the same period in the prior year, the company posted $0.25 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. Sell-side analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on AGYS shares. Oppenheimer increased their price objective on shares of Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Needham & Company LLC boosted their price objective on Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. BTIG Research raised their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Northland Securities reissued an “outperform” rating and issued a $145.00 price target (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.80.

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.