Agilysys, Inc. (NASDAQ:AGYS) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP raised its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,800 shares of the software maker’s stock after buying an additional 500 shares during the quarter. Two Sigma Advisers LP’s holdings in Agilysys were worth $632,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AGYS. Invesco Ltd. grew its holdings in Agilysys by 412.9% during the 4th quarter. Invesco Ltd. now owns 727,794 shares of the software maker’s stock valued at $95,858,000 after buying an additional 585,886 shares during the last quarter. Franklin Resources Inc. grew its holdings in Agilysys by 521.7% during the 4th quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker’s stock valued at $80,347,000 after buying an additional 511,900 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Agilysys by 729.1% during the 4th quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker’s stock valued at $52,487,000 after buying an additional 350,441 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Agilysys by 268.0% during the 4th quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker’s stock valued at $56,169,000 after buying an additional 310,573 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Agilysys by 58.3% during the 4th quarter. FMR LLC now owns 800,521 shares of the software maker’s stock worth $105,437,000 after purchasing an additional 294,831 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Trading Up 2.9%

Shares of AGYS opened at $111.37 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.12 billion, a P/E ratio of 139.21 and a beta of 0.58. The stock’s fifty day simple moving average is $80.70 and its 200 day simple moving average is $98.11. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $142.64.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.28. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business had revenue of $74.27 million for the quarter, compared to analyst estimates of $71.43 million. During the same period last year, the company posted $0.32 EPS. The business’s quarterly revenue was up 19.4% on a year-over-year basis. On average, equities research analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. UBS Group set a $100.00 price target on Agilysys in a research note on Wednesday, March 5th. Oppenheimer reduced their price target on Agilysys from $135.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Needham & Company LLC reissued a “buy” rating and set a $105.00 price target (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Cantor Fitzgerald assumed coverage on Agilysys in a research note on Tuesday. They set an “overweight” rating and a $125.00 price target on the stock. Finally, Northland Securities set a $152.00 price target on Agilysys in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.57.

Insider Buying and Selling at Agilysys

In other Agilysys news, Director John Mutch sold 750 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $75.33, for a total value of $56,497.50. Following the transaction, the director now directly owns 31,904 shares of the company’s stock, valued at $2,403,328.32. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 19.30% of the stock is currently owned by corporate insiders.

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.