Intrust Bank NA Purchases Shares of 2,705 Agilysys, Inc. (NASDAQ:AGYS)

Intrust Bank NA acquired a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,705 shares of the software maker’s stock, valued at approximately $356,000.

Other large investors also recently made changes to their positions in the company. Blue Trust Inc. raised its position in Agilysys by 18.9% during the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock worth $149,000 after acquiring an additional 180 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after purchasing an additional 193 shares during the period. Natixis Advisors LLC increased its position in Agilysys by 2.0% during the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker’s stock worth $1,398,000 after buying an additional 208 shares during the last quarter. Finally, Albert D Mason Inc. raised its stake in Agilysys by 2.3% in the fourth quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker’s stock valued at $1,554,000 after buying an additional 267 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Stock Performance

NASDAQ AGYS opened at $73.11 on Monday. The firm has a 50-day moving average price of $83.78 and a two-hundred day moving average price of $108.21. Agilysys, Inc. has a 12-month low of $71.37 and a 12-month high of $142.64. The company has a market capitalization of $2.04 billion, a P/E ratio of 91.39 and a beta of 0.98. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS) last issued its quarterly 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. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. During the same period in the previous year, the company posted $0.35 earnings per share. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. Analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on AGYS shares. Oppenheimer decreased their target price on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th. Northland Securities lifted their target price on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Craig Hallum decreased their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC cut their price objective on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $127.50.

Insider Transactions at Agilysys

In related news, Director John Mutch sold 750 shares of Agilysys stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the transaction, the director now directly owns 31,904 shares of the company’s stock, valued at $2,403,328.32. This trade represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00. Following the transaction, the director now owns 315,576 shares of the company’s stock, valued at approximately $41,132,175.84. This represents a 2.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,250 shares of company stock valued at $8,708,238. 19.30% of the stock is owned by corporate 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.