Harbor Investment Advisory LLC Has $49,000 Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Harbor Investment Advisory LLC grew its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 109.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 370 shares of the software maker’s stock after buying an additional 193 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Agilysys were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AGYS. Advisors Asset Management Inc. grew its stake in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after buying an additional 166 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Agilysys during the third quarter worth $46,000. Exchange Traded Concepts LLC grew its stake in shares of Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after buying an additional 205 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Agilysys by 169.2% during the third quarter. CWM LLC now owns 673 shares of the software maker’s stock worth $73,000 after buying an additional 423 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Price Performance

AGYS stock opened at $100.67 on Thursday. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 28.68 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. Agilysys, Inc. has a 12-month low of $74.03 and a 12-month high of $142.64. The company’s fifty day simple moving average is $131.84 and its 200 day simple moving average is $116.90.

Agilysys (NASDAQ:AGYS) last released its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $69.60 million for the quarter, compared to analyst estimates of $73,149.20 billion. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. Agilysys’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, analysts expect that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Craig Hallum decreased their target price on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday. BTIG Research boosted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Northland Securities boosted their price objective on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Needham & Company LLC reduced their price objective on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Oppenheimer reduced their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Agilysys has an average rating of “Moderate Buy” and an average target price of $138.00.

Insiders Place Their Bets

In other news, CFO William David Wood III sold 588 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $59,305.68. Following the completion of the sale, the chief financial officer now owns 49,479 shares in the company, valued at $4,990,451.94. The trade was a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Mutch sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $137.86, for a total value of $68,930.00. Following the sale, the director now owns 34,654 shares of the company’s stock, valued at approximately $4,777,400.44. This represents a 1.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,122 shares of company stock worth $9,002,291. 19.30% of the stock is currently owned by company insiders.

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.