Loomis Sayles & Co. L P Acquires 25,254 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Loomis Sayles & Co. L P raised its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 502,422 shares of the software maker’s stock after buying an additional 25,254 shares during the period. Loomis Sayles & Co. L P owned about 1.80% of Agilysys worth $54,749,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 154 shares during the last quarter. CWM LLC boosted its stake in shares of Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after buying an additional 199 shares during the last quarter. Larson Financial Group LLC purchased a new position in shares of Agilysys in the 2nd quarter worth approximately $32,000. Advisors Asset Management Inc. grew its holdings in shares of Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after acquiring an additional 182 shares in the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of Agilysys during the third quarter valued at approximately $46,000. 88.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AGYS has been the topic of several research analyst reports. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Oppenheimer increased their price target on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. BTIG Research boosted their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC raised their price target on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $145.00 price target (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.80.

Insider Activity at Agilysys

In related news, SVP Kyle C. Badger sold 471 shares of Agilysys stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $47,505.06. Following the transaction, the senior vice president now owns 115,117 shares in the company, valued at $11,610,700.62. This trade represents a 0.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Mutch sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $113.69, for a total transaction of $113,690.00. Following the sale, the director now owns 36,326 shares of the company’s stock, valued at approximately $4,129,902.94. The trade was a 2.68 % 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 over the last three months. 19.30% of the stock is owned by corporate insiders.

Agilysys Trading Up 0.2 %

Shares of AGYS stock opened at $137.80 on Tuesday. The company has a market capitalization of $3.85 billion, a PE ratio of 39.26 and a beta of 0.85. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $139.99. The business’s fifty day moving average is $113.41 and its 200 day moving average is $106.57. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.25 EPS. On average, equities research analysts anticipate that Agilysys, Inc. will post 0.81 EPS 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.