Interchange Capital Partners LLC Buys New Shares in Agilysys, Inc. (NASDAQ:AGYS)

Interchange Capital Partners LLC bought a new position in Agilysys, Inc. (NASDAQ:AGYS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,768 shares of the software maker’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in shares of Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after purchasing an additional 182 shares during the last quarter. Harbor Investment Advisory LLC lifted its stake in Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after acquiring an additional 193 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after acquiring an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Agilysys in the fourth quarter worth $61,000. Finally, Assetmark Inc. purchased a new position in shares of Agilysys during the fourth quarter worth $115,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Trading Up 5.1 %

Shares of AGYS stock opened at $77.46 on Tuesday. The stock has a 50 day simple moving average of $88.08 and a 200-day simple moving average of $108.93. Agilysys, Inc. has a 1-year low of $71.37 and a 1-year high of $142.64. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 96.83 and a beta of 0.98. 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 (NASDAQ:AGYS) last posted its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The business 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 revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. On average, equities research analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. UBS Group set a $100.00 price target on shares of Agilysys in a report on Wednesday, March 5th. Craig Hallum dropped their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Oppenheimer decreased 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. Needham & Company LLC dropped their price objective on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Finally, Northland Securities boosted their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $127.50.

Insider Buying and Selling

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Mutch sold 2,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $77.87, for a total transaction of $155,740.00. Following the sale, the director now directly owns 32,654 shares of the company’s stock, valued at $2,542,766.98. The trade was a 5.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,250 shares of company stock worth $8,708,238. Insiders own 19.30% of the company’s stock.

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.