Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 11.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,413 shares of the software maker’s stock after selling 5,717 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Agilysys worth $4,731,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC grew its stake in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after buying an additional 199 shares during the last quarter. Larson Financial Group LLC bought a new position in Agilysys during the 2nd quarter worth $32,000. Advisors Asset Management Inc. grew its stake in Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares during the last quarter. GAMMA Investing LLC grew its stake in Agilysys by 66.7% during the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after buying an additional 166 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in Agilysys during the 3rd quarter worth $46,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AGYS. Needham & Company LLC increased their price target on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Oppenheimer increased their price target on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. BTIG Research increased their price target on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Northland Securities restated an “outperform” rating and issued a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.80.

Insider Activity at Agilysys

In related news, CFO William David Wood III sold 588 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $59,305.68. Following the completion of the sale, the chief financial officer now directly owns 49,479 shares of the company’s stock, valued at $4,990,451.94. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kyle C. Badger sold 471 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $47,505.06. Following the sale, the senior vice president now directly owns 115,117 shares of the company’s stock, valued at $11,610,700.62. This represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,122 shares of company stock valued at $1,231,391 in the last three months. Corporate insiders own 19.30% of the company’s stock.

Agilysys Stock Performance

AGYS opened at $132.83 on Thursday. The firm has a market capitalization of $3.71 billion, a P/E ratio of 37.84 and a beta of 0.93. The stock’s 50 day moving average price is $119.81 and its two-hundred day moving average price is $109.53. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. Agilysys, Inc. has a 12-month low of $73.52 and a 12-month high of $139.99.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. During the same quarter last year, the company earned $0.25 EPS. The company’s quarterly revenue was up 16.6% on a year-over-year basis. On average, equities analysts forecast that Agilysys, Inc. will post 0.81 earnings per share 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.