Arcadia Investment Management Corp MI Makes New $61,000 Investment in Agilysys, Inc. (NASDAQ:AGYS)

Arcadia Investment Management Corp MI purchased a new position in Agilysys, Inc. (NASDAQ:AGYS) in the 4th quarter, HoldingsChannel reports. The fund purchased 463 shares of the software maker’s stock, valued at approximately $61,000.

Other large investors have also modified their holdings of the company. Lord Abbett & CO. LLC boosted its holdings in Agilysys by 47.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after purchasing an additional 340,424 shares during the period. State Street Corp raised its position in Agilysys by 5.0% in the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after purchasing an additional 43,760 shares in the last quarter. Geneva Capital Management LLC boosted its stake in shares of Agilysys by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock valued at $73,597,000 after buying an additional 2,687 shares during the period. Geode Capital Management LLC grew its position in shares of Agilysys by 6.2% during the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after buying an additional 30,655 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Agilysys by 1,197.1% during the third quarter. FMR LLC now owns 505,690 shares of the software maker’s stock worth $55,105,000 after buying an additional 466,704 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AGYS has been the subject of a number of recent research reports. Northland Securities boosted their price target on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. BTIG Research lifted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer decreased their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, January 22nd. Finally, Needham & Company LLC dropped their price objective on Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. One research 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, the company presently has an average rating of “Moderate Buy” and an average price target of $138.00.

Agilysys Price Performance

Shares of AGYS opened at $77.54 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. Agilysys, Inc. has a 1-year low of $74.03 and a 1-year high of $142.64. The stock has a market cap of $2.17 billion, a PE ratio of 96.93 and a beta of 0.93. The firm has a fifty day moving average price of $113.08 and a 200 day moving average price of $113.76.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. As a group, sell-side analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current year.

Insider Activity

In related news, Director John Mutch sold 500 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $137.86, for a total value of $68,930.00. Following the transaction, the director now owns 34,654 shares in the company, valued at $4,777,400.44. The trade was a 1.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total value of $979,125.00. Following the sale, the director now directly owns 330,576 shares of the company’s stock, valued at approximately $43,156,696.80. This represents a 2.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,599 shares of company stock valued at $8,913,222. 19.30% of the stock is currently owned by company insiders.

Agilysys Company 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.