Vanguard Group Inc. Increases Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Vanguard Group Inc. grew its holdings in shares of Agilysys, Inc. (NASDAQ:AGYSFree Report) by 6.1% in the third quarter, Holdings Channel reports. The institutional investor owned 1,838,222 shares of the software maker’s stock after purchasing an additional 106,026 shares during the period. Vanguard Group Inc. owned approximately 0.07% of Agilysys worth $121,617,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AGYS. JPMorgan Chase & Co. lifted its holdings in Agilysys by 22.6% during the 1st quarter. JPMorgan Chase & Co. now owns 15,435 shares of the software maker’s stock worth $616,000 after buying an additional 2,847 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Agilysys by 2.0% in the 1st quarter. Bank of New York Mellon Corp now owns 219,525 shares of the software maker’s stock valued at $8,754,000 after purchasing an additional 4,356 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Agilysys by 2.6% in the 1st quarter. Citigroup Inc. now owns 18,889 shares of the software maker’s stock valued at $753,000 after purchasing an additional 487 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Agilysys by 51.2% in the 1st quarter. MetLife Investment Management LLC now owns 11,027 shares of the software maker’s stock valued at $440,000 after purchasing an additional 3,732 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Agilysys by 6.4% in the 1st quarter. Rhumbline Advisers now owns 51,494 shares of the software maker’s stock valued at $2,054,000 after purchasing an additional 3,116 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on AGYS shares. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Tuesday. Needham & Company LLC boosted their price target on Agilysys from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.75.

Check Out Our Latest Stock Report on Agilysys

Agilysys Stock Up 0.0 %

Shares of AGYS stock opened at $82.08 on Thursday. The stock has a market capitalization of $2.25 billion, a PE ratio of 25.73 and a beta of 0.66. Agilysys, Inc. has a 52-week low of $62.00 and a 52-week high of $91.61. The stock’s 50-day moving average price is $81.41 and its 200 day moving average price is $80.11.

Agilysys (NASDAQ:AGYSGet Free Report) last issued its quarterly earnings results on Monday, January 22nd. The software maker reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.09. Agilysys had a return on equity of 20.54% and a net margin of 38.27%. The firm had revenue of $60.57 million for the quarter, compared to analysts’ expectations of $60.07 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. Analysts expect that Agilysys, Inc. will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Agilysys news, CFO William David Wood III sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $85.45, for a total transaction of $854,500.00. Following the transaction, the chief financial officer now owns 50,391 shares in the company, valued at approximately $4,305,910.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Mak Capital One Llc sold 23,928 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $78.36, for a total value of $1,874,998.08. Following the sale, the insider now owns 3,235,307 shares in the company, valued at approximately $253,518,656.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO William David Wood III sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $85.45, for a total value of $854,500.00. Following the completion of the sale, the chief financial officer now owns 50,391 shares in the company, valued at approximately $4,305,910.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,102,449 shares of company stock worth $89,780,542. Company insiders own 23.60% of the company’s stock.

Agilysys Profile

(Free Report)

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.

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Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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