Agilysys, Inc. (NASDAQ:AGYS) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its position in Agilysys, Inc. (NASDAQ:AGYS) by 36.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 218,418 shares of the software maker’s stock after purchasing an additional 58,278 shares during the period. Assenagon Asset Management S.A. owned approximately 0.81% of Agilysys worth $18,526,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in Agilysys by 247.6% in the fourth quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock worth $43,000 after purchasing an additional 364 shares during the period. Legato Capital Management LLC lifted its position in Agilysys by 4.8% in the fourth quarter. Legato Capital Management LLC now owns 78,265 shares of the software maker’s stock worth $6,638,000 after purchasing an additional 3,600 shares during the period. RiverPark Advisors LLC lifted its position in Agilysys by 53.2% in the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock worth $32,000 after purchasing an additional 133 shares during the period. Exchange Traded Concepts LLC lifted its position in Agilysys by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 18,369 shares of the software maker’s stock worth $1,558,000 after purchasing an additional 146 shares during the period. Finally, Vawter Financial Ltd. acquired a new stake in Agilysys in the third quarter worth approximately $245,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Trading Up 3.7 %

NASDAQ AGYS opened at $82.45 on Thursday. Agilysys, Inc. has a 1-year low of $62.00 and a 1-year high of $91.61. The company has a market capitalization of $2.26 billion, a PE ratio of 25.85 and a beta of 0.65. The firm’s fifty day simple moving average is $81.48 and its 200-day simple moving average is $79.58.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, January 22nd. The software maker reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. Agilysys had a net margin of 38.27% and a return on equity of 20.54%. The business had revenue of $60.57 million for the quarter, compared to the consensus estimate of $60.07 million. During the same period in the prior year, the business posted $0.26 earnings per share. Agilysys’s revenue for the quarter was up 21.3% compared to the same quarter last year. As a group, analysts predict that Agilysys, Inc. will post 0.55 EPS for the current year.

Insider Transactions at Agilysys

In other Agilysys news, major shareholder Mak Capital One Llc sold 867,729 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the transaction, the insider now directly owns 2,060,458 shares of the company’s stock, valued at $170,173,226.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Agilysys news, major shareholder Mak Capital One Llc sold 867,729 shares of the stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the transaction, the insider now directly owns 2,060,458 shares of the company’s stock, valued at $170,173,226.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO William David Wood III sold 10,000 shares of the stock in a transaction 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 directly owns 50,391 shares in the company, valued at $4,305,910.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,129,669 shares of company stock valued at $91,964,394. 23.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research report on Saturday, March 23rd. Needham & Company LLC increased their price objective on Agilysys from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $88.75.

About Agilysys

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.