Agilysys, Inc. (NASDAQ:AGYS) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,065 shares of the software maker’s stock after purchasing an additional 535 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Agilysys were worth $404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lord Abbett & CO. LLC boosted its stake in Agilysys by 47.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after acquiring an additional 340,424 shares in the last quarter. State Street Corp boosted its stake in Agilysys by 5.0% in the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after acquiring an additional 43,760 shares in the last quarter. Geneva Capital Management LLC boosted its stake in Agilysys by 0.4% in the third quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock valued at $73,597,000 after acquiring an additional 2,687 shares in the last quarter. Geode Capital Management LLC boosted its stake in Agilysys by 6.2% in the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after acquiring an additional 30,655 shares in the last quarter. Finally, FMR LLC boosted its stake in Agilysys by 1,197.1% in the third quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after acquiring an additional 466,704 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AGYS shares. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Needham & Company LLC reduced their target price on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. BTIG Research upped their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Craig Hallum reduced their target price 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 target price on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $138.00.

Insider Buying and Selling at Agilysys

In other news, insider Chris J. Robertson sold 729 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $134.01, for a total value of $97,693.29. Following the sale, the insider now directly owns 21,895 shares in the company, valued at $2,934,148.95. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total transaction of $725,100.00. Following the completion of the sale, the director now owns 233,076 shares in the company, valued at $22,533,787.68. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,622 shares of company stock valued at $9,727,391. Corporate insiders own 19.30% of the company’s stock.

Agilysys Trading Down 3.6 %

NASDAQ AGYS opened at $92.24 on Monday. The stock has a market capitalization of $2.58 billion, a P/E ratio of 115.30 and a beta of 0.94. Agilysys, Inc. has a 52-week low of $74.03 and a 52-week high of $142.64. The firm has a 50-day moving average price of $130.27 and a 200 day moving average price of $116.73. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73,149.20 billion. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. Equities research analysts expect that Agilysys, Inc. will post 0.81 EPS for the current year.

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.