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

Linden Thomas Advisory Services LLC increased its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 21.1% during the fourth quarter, Holdings Channel reports. The fund owned 3,065 shares of the software maker’s stock after acquiring an additional 535 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Agilysys were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. US Bancorp DE boosted its position in Agilysys by 11.2% during the third 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. GAMMA Investing LLC boosted its position in Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after acquiring an additional 166 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after acquiring an additional 193 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after acquiring an additional 205 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insider Activity

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction 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 sale, the director now owns 233,076 shares of the company’s stock, valued at $22,533,787.68. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO William David Wood III sold 1,870 shares of Agilysys stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total transaction of $250,598.70. Following the sale, the chief financial officer now directly owns 47,609 shares in the company, valued at $6,380,082.09. This trade represents a 3.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,622 shares of company stock valued at $9,727,391. Company insiders own 19.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. BTIG Research raised their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Needham & Company LLC cut their price target on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Securities increased their price target on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. 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 research note on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Agilysys Stock Performance

Shares of AGYS stock opened at $92.24 on Monday. The company’s fifty day simple moving average is $130.27 and its 200-day simple moving average is $116.73. Agilysys, Inc. has a 52 week low of $74.03 and a 52 week high of $142.64. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.58 billion, a PE ratio of 115.30 and a beta of 0.94.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73,149.20 billion. During the same quarter last year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities research analysts anticipate 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.