US Bancorp DE Grows Position in Agilysys, Inc. (NASDAQ:AGYS)

US Bancorp DE raised its position in Agilysys, Inc. (NASDAQ:AGYS) by 11.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,216 shares of the software maker’s stock after buying an additional 122 shares during the quarter. US Bancorp DE’s holdings in Agilysys were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AGYS. GAMMA Investing LLC grew its position in shares of Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after acquiring an additional 154 shares during the last quarter. RiverPark Advisors LLC grew its position in Agilysys by 9.6% during the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock worth $202,000 after purchasing an additional 170 shares during the last quarter. CWM LLC increased its stake in Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after purchasing an additional 199 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Agilysys by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker’s stock valued at $1,062,000 after buying an additional 200 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Agilysys by 6.2% during the first quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock worth $294,000 after buying an additional 204 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Insider Transactions at Agilysys

In other news, Director John Mutch sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total transaction of $113,690.00. Following the completion of the transaction, the director now directly owns 36,326 shares of the company’s stock, valued at $4,129,902.94. This trade represents a 2.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Chris J. Robertson sold 4,000 shares of Agilysys stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total value of $435,320.00. Following the transaction, the insider now owns 22,888 shares of the company’s stock, valued at $2,490,901.04. This represents a 14.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,023 shares of company stock valued at $4,548,979 in the last quarter. 19.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Oppenheimer upped their price target on Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday. BTIG Research lifted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Northland Securities reissued an “outperform” rating and issued a $145.00 price objective (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Finally, Needham & Company LLC raised their target price on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.80.

Agilysys Trading Up 0.3 %

NASDAQ:AGYS opened at $121.19 on Friday. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $128.61. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The stock has a fifty day moving average price of $109.68 and a two-hundred day moving average price of $103.93. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 34.45 and a beta of 0.85.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 EPS. As a group, sell-side analysts anticipate that Agilysys, Inc. will post 0.81 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.