D.A. Davidson & CO. Has $1.18 Million Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

D.A. Davidson & CO. trimmed its stake in Agilysys, Inc. (NASDAQ:AGYS) by 30.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,986 shares of the software maker’s stock after selling 4,010 shares during the quarter. D.A. Davidson & CO.’s holdings in Agilysys were worth $1,184,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after buying an additional 193 shares during the period. CWM LLC lifted its position in shares of Agilysys by 169.2% in the third quarter. CWM LLC now owns 673 shares of the software maker’s stock valued at $73,000 after buying an additional 423 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Agilysys by 1,838.8% during the 3rd quarter. Blue Trust Inc. now owns 950 shares of the software maker’s stock worth $99,000 after acquiring an additional 901 shares during the period. Finally, US Bancorp DE increased its holdings in shares of Agilysys by 11.2% during the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Stock Performance

Shares of NASDAQ:AGYS opened at $77.54 on Monday. Agilysys, Inc. has a 12-month low of $74.03 and a 12-month high of $142.64. The company’s 50 day moving average price is $111.97 and its two-hundred day moving average price is $113.72. The firm has a market cap of $2.17 billion, a PE ratio of 96.93 and a beta of 0.93. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73.15 million. During the same quarter in the prior year, the business posted $0.35 earnings per share. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. Equities research analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Transactions at Agilysys

In other Agilysys news, insider Chris J. Robertson sold 729 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total transaction of $97,693.29. Following the completion of 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 at the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total value of $725,100.00. Following the completion of the sale, the director now directly owns 233,076 shares in the company, valued at approximately $22,533,787.68. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,099 shares of company stock valued at $8,844,292. 19.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Craig Hallum reduced their price objective on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. BTIG Research increased their price target on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Needham & Company LLC cut their price objective on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Oppenheimer decreased their target price on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

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.