Axiom Investors LLC DE Sells 6,453 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Axiom Investors LLC DE decreased its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 6.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,286 shares of the software maker’s stock after selling 6,453 shares during the quarter. Axiom Investors LLC DE owned about 0.31% of Agilysys worth $11,496,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AGYS. Vanguard Group Inc. increased its holdings in Agilysys by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 2,209,274 shares of the software maker’s stock worth $290,983,000 after buying an additional 58,926 shares during the last quarter. Lord Abbett & CO. LLC grew its position in shares of Agilysys by 47.4% in the 3rd 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. State Street Corp grew its position in shares of Agilysys by 5.0% in the 3rd 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 during the period. Geode Capital Management LLC increased its stake in shares of Agilysys by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after purchasing an additional 30,655 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Agilysys by 1,197.1% in the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after purchasing an additional 466,704 shares during the period. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Performance

NASDAQ AGYS opened at $73.11 on Monday. Agilysys, Inc. has a 12-month low of $71.37 and a 12-month high of $142.64. The firm has a 50-day moving average price of $83.78 and a two-hundred day moving average price of $108.21. The company has a market capitalization of $2.04 billion, a P/E ratio of 91.39 and a beta of 0.98. 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 announced its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating 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 $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. Analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Agilysys

In related news, Director John Mutch sold 750 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the sale, the director now owns 31,904 shares in the company, valued at $2,403,328.32. The trade was a 2.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the sale, the director now owns 315,576 shares in the company, valued at approximately $41,132,175.84. This trade represents a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,250 shares of company stock worth $8,708,238 over the last three months. Corporate insiders own 19.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AGYS. UBS Group set a $100.00 price target on Agilysys in a research report on Wednesday, March 5th. Needham & Company LLC decreased their target price on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Oppenheimer cut their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, January 22nd. Craig Hallum decreased their price objective 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. Finally, Northland Securities increased their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. One equities 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

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.