Rhumbline Advisers Increases Stock Position in Agilysys, Inc. $AGYS

Rhumbline Advisers raised its stake in Agilysys, Inc. (NASDAQ:AGYS) by 10.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 57,689 shares of the software maker’s stock after purchasing an additional 5,466 shares during the period. Rhumbline Advisers’ holdings in Agilysys were worth $6,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Agilysys by 43.2% in the 2nd quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after purchasing an additional 92 shares during the last quarter. Advisors Asset Management Inc. increased its position in Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after buying an additional 159 shares during the period. AlphaQuest LLC increased its position in Agilysys by 2,026.0% during the first quarter. AlphaQuest LLC now owns 1,063 shares of the software maker’s stock worth $77,000 after buying an additional 1,013 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Agilysys by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker’s stock valued at $102,000 after buying an additional 141 shares during the last quarter. Finally, Quaker Wealth Management LLC boosted its holdings in shares of Agilysys by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 985 shares of the software maker’s stock valued at $113,000 after acquiring an additional 1,970 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Stock Performance

AGYS stock opened at $126.71 on Thursday. The stock has a market capitalization of $3.55 billion, a PE ratio of 147.34 and a beta of 0.42. The company has a fifty day moving average of $118.21 and a 200-day moving average of $112.98. Agilysys, Inc. has a one year low of $63.71 and a one year high of $145.25.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $36.34 million during the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. Equities analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AGYS shares. Cantor Fitzgerald restated an “overweight” rating and set a $140.00 target price on shares of Agilysys in a research report on Tuesday, October 28th. Oppenheimer reissued an “outperform” rating on shares of Agilysys in a research report on Tuesday, October 28th. Needham & Company LLC lifted their price objective on shares of Agilysys from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Finally, Wall Street Zen raised Agilysys from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $138.67.

Insiders Place Their Bets

In other Agilysys news, insider Sethuram Shivashankar sold 497 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $124.64, for a total value of $61,946.08. Following the completion of the transaction, the insider owned 24,031 shares in the company, valued at approximately $2,995,223.84. This represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chris J. Robertson sold 500 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $131.34, for a total value of $65,670.00. Following the completion of the sale, the insider directly owned 687 shares of the company’s stock, valued at approximately $90,230.58. This trade represents a 42.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 15,576 shares of company stock worth $1,882,370. Corporate insiders own 8.60% of the company’s stock.

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.