Emerald Advisers LLC Sells 5,448 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Emerald Advisers LLC cut its stake in Agilysys, Inc. (NASDAQ:AGYS) by 2.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 234,007 shares of the software maker’s stock after selling 5,448 shares during the period. Agilysys accounts for approximately 1.2% of Emerald Advisers LLC’s investment portfolio, making the stock its 28th biggest holding. Emerald Advisers LLC’s holdings in Agilysys were worth $30,821,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Synergy Asset Management LLC raised its position in shares of Agilysys by 19.1% in the fourth quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock valued at $11,157,000 after purchasing an additional 13,785 shares during the period. Eagle Asset Management Inc. raised its position in shares of Agilysys by 59.1% in the third quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock valued at $16,959,000 after purchasing an additional 53,026 shares during the period. State Street Corp raised its position in shares of Agilysys by 5.0% in the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after purchasing an additional 43,760 shares during the period. Geode Capital Management LLC raised its position in shares of Agilysys by 6.2% in the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after purchasing an additional 30,655 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Agilysys by 381.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after purchasing an additional 336 shares during the period. 88.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AGYS. Needham & Company LLC dropped their price objective on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Oppenheimer decreased their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. Northland Securities upped their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Craig Hallum decreased 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. Finally, UBS Group set a $100.00 price target on shares of Agilysys in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $127.50.

Insider Activity

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $130.34, for a total value of $977,550.00. Following the sale, the director now directly owns 315,576 shares in the company, valued at approximately $41,132,175.84. This trade represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Mutch sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the completion of the sale, the director now owns 32,654 shares in the company, valued at approximately $2,542,766.98. The trade was a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,250 shares of company stock worth $8,708,238. Corporate insiders own 19.30% of the company’s stock.

Agilysys Trading Down 1.8 %

Shares of Agilysys stock opened at $73.73 on Friday. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 92.16 and a beta of 0.98. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. Agilysys, Inc. has a 12-month low of $71.37 and a 12-month high of $142.64. The firm’s 50-day moving average price is $89.08 and its two-hundred day moving average price is $109.12.

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

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.