Interchange Capital Partners LLC Purchases New Position in Agilysys, Inc. (NASDAQ:AGYS)

Interchange Capital Partners LLC acquired a new stake in Agilysys, Inc. (NASDAQ:AGYS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,768 shares of the software maker’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC raised its holdings in Agilysys by 1,197.1% during the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after buying an additional 466,704 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of 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 during the period. Principal Financial Group Inc. lifted its holdings in shares of Agilysys by 268.0% in the 4th quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker’s stock worth $56,169,000 after acquiring an additional 310,573 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Agilysys during the 4th quarter worth about $19,637,000. Finally, Great Lakes Advisors LLC bought a new position in Agilysys during the 4th quarter valued at about $11,249,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Insider Buying and Selling

In other news, Director John Mutch sold 750 shares of Agilysys stock in a transaction that occurred 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 transaction, the director now owns 31,904 shares of the company’s stock, valued at $2,403,328.32. The trade was a 2.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00. Following the sale, the director now directly owns 315,576 shares of the company’s stock, valued at $41,132,175.84. The trade was a 2.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,250 shares of company stock worth $8,708,238 in the last three months. 19.30% of the stock is owned by insiders.

Agilysys Stock Up 5.1 %

NASDAQ:AGYS opened at $77.46 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. Agilysys, Inc. has a 1-year low of $71.37 and a 1-year high of $142.64. The company has a 50-day moving average of $88.08 and a 200 day moving average of $108.93. The firm has a market cap of $2.17 billion, a PE ratio of 96.83 and a beta of 0.98.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data 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. The firm had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. As a group, research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AGYS has been the topic of a number of recent analyst reports. Northland Securities increased their price objective 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. UBS Group set a $100.00 price objective on Agilysys in a report on Wednesday, March 5th. Oppenheimer cut their price objective on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. Needham & Company LLC decreased their target price on Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Craig Hallum cut their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

About Agilysys

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.