Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 15.5% in the 4th quarter, Holdings Channel reports. The firm owned 12,757 shares of the software maker’s stock after selling 2,342 shares during the period. Los Angeles Capital Management LLC’s holdings in Agilysys were worth $1,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. US Bancorp DE increased its stake in Agilysys by 11.2% in the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after purchasing an additional 122 shares during the period. Blue Trust Inc. grew its holdings in shares of Agilysys by 18.9% during the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock worth $149,000 after buying an additional 180 shares during the last quarter. Advisors Asset Management Inc. increased its position in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after acquiring an additional 182 shares during the period. Harbor Investment Advisory LLC raised 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 last quarter. Finally, Albert D Mason Inc. lifted its position in Agilysys by 2.3% during the 4th quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker’s stock worth $1,554,000 after acquiring an additional 267 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insiders Place Their Bets

In other Agilysys news, CFO William David Wood III sold 1,870 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $134.01, for a total value of $250,598.70. Following the transaction, the chief financial officer now directly owns 47,609 shares in the company, valued at approximately $6,380,082.09. This represents a 3.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total transaction of $725,100.00. Following the sale, the director now directly owns 233,076 shares in the company, valued at $22,533,787.68. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,099 shares of company stock worth $8,844,292. Insiders own 19.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AGYS. Needham & Company LLC dropped their target price on Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Northland Securities upped their price objective on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Oppenheimer reduced their target price on Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, January 22nd. Finally, Craig Hallum lowered their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Agilysys Stock Performance

Shares of AGYS stock opened at $80.99 on Friday. The stock has a fifty day moving average price of $106.34 and a 200 day moving average price of $112.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The stock has a market cap of $2.26 billion, a PE ratio of 101.24 and a beta of 0.93. Agilysys, Inc. has a 1 year low of $74.03 and a 1 year high of $142.64.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue was up 14.9% on a year-over-year basis. Sell-side analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

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.