Legal & General Group Plc Buys 1,000 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Legal & General Group Plc increased its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,284 shares of the software maker’s stock after purchasing an additional 1,000 shares during the quarter. Legal & General Group Plc’s holdings in Agilysys were worth $8,994,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Stifel Financial Corp bought a new stake in shares of Agilysys during the 3rd quarter worth approximately $212,000. Barclays PLC boosted its holdings in shares of Agilysys by 105.2% in the 3rd quarter. Barclays PLC now owns 50,572 shares of the software maker’s stock valued at $5,512,000 after purchasing an additional 25,926 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Agilysys by 6.2% in the 3rd 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 last quarter. Franklin Resources Inc. raised its holdings in shares of Agilysys by 434.3% during the 3rd quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock worth $11,477,000 after buying an additional 79,764 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in shares of Agilysys by 47.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock worth $115,383,000 after buying an additional 340,424 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Stock Up 1.2 %

NASDAQ:AGYS opened at $69.45 on Friday. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market cap of $1.94 billion, a PE ratio of 86.81 and a beta of 0.64. The firm’s 50 day simple moving average is $75.93 and its 200 day simple moving average is $104.24.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.15 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. Agilysys’s revenue was up 14.9% compared to the same quarter last year. On average, research analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

AGYS has been the topic of a number of recent analyst reports. Northland Securities lifted their target price on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC decreased their price target on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. UBS Group set a $100.00 price objective on shares of Agilysys in a research note on Wednesday, March 5th. Craig Hallum cut their target price on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, Oppenheimer lowered their price target on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $120.00.

Insiders Place Their Bets

In related news, Director John Mutch sold 750 shares of Agilysys stock in a transaction that occurred on 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. The trade was a 2.30 % 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, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were 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 of the company’s stock, valued at $22,533,787.68. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,750 shares of company stock valued at $1,878,513. 19.30% of the stock is currently owned by company insiders.

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.