Eagle Asset Management Inc. Buys 53,026 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Eagle Asset Management Inc. grew its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 59.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 142,738 shares of the software maker’s stock after buying an additional 53,026 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.51% of Agilysys worth $16,959,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Agilysys by 12.3% during the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after buying an additional 217,008 shares during the last quarter. SG Americas Securities LLC acquired a new position in Agilysys in the second quarter valued at $1,847,000. UniSuper Management Pty Ltd acquired a new position in Agilysys in the first quarter valued at $388,000. Price T Rowe Associates Inc. MD lifted its holdings in Agilysys by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 403,153 shares of the software maker’s stock valued at $33,970,000 after buying an additional 20,703 shares during the period. Finally, Natixis Advisors LLC acquired a new position in Agilysys in the second quarter valued at $1,111,000. Institutional investors own 88.00% of the company’s stock.

Agilysys Trading Up 4.2 %

NASDAQ:AGYS opened at $137.48 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The firm has a 50-day moving average of $112.01 and a 200-day moving average of $105.41. The company has a market cap of $3.84 billion, a PE ratio of 39.17 and a beta of 0.85. Agilysys, Inc. has a one year low of $73.52 and a one year high of $138.19.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. During the same period in the prior year, the firm posted $0.25 EPS. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, equities research analysts expect that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AGYS has been the topic of several recent analyst reports. Needham & Company LLC boosted their target price on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. Northland Securities reiterated an “outperform” rating and set a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Oppenheimer upped their price objective on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, BTIG Research boosted 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Agilysys presently has a consensus rating of “Moderate Buy” and an average price target of $134.80.

Insiders Place Their Bets

In other Agilysys news, Director Melvin L. Keating sold 3,280 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $122.84, for a total value of $402,915.20. Following the transaction, the director now directly owns 34,407 shares in the company, valued at $4,226,555.88. The trade was a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris J. Robertson sold 264 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the completion of the transaction, the insider now owns 22,624 shares in the company, valued at approximately $2,281,856.64. The trade was a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,023 shares of company stock valued at $4,548,979. Corporate 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.