Legato Capital Management LLC Buys 1,085 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Legato Capital Management LLC lifted its stake in Agilysys, Inc. (NASDAQ:AGYS) by 1.4% in the fourth quarter, HoldingsChannel reports. The fund owned 77,470 shares of the software maker’s stock after purchasing an additional 1,085 shares during the quarter. Agilysys makes up 1.3% of Legato Capital Management LLC’s holdings, making the stock its 2nd largest holding. Legato Capital Management LLC’s holdings in Agilysys were worth $10,204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Advisors Asset Management Inc. raised its holdings in 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 purchasing an additional 182 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Agilysys by 66.7% during the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after purchasing an additional 166 shares during the period. NBC Securities Inc. bought a new stake in shares of Agilysys in the 3rd quarter worth $46,000. Harbor Investment Advisory LLC raised its stake in shares of Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after buying an additional 193 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Agilysys by 76.2% in the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after buying an additional 205 shares during the period. 88.00% of the stock is currently owned by institutional investors.

Agilysys Stock Performance

Agilysys stock opened at $83.97 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market cap of $2.35 billion, a P/E ratio of 104.96 and a beta of 0.93. Agilysys, Inc. has a fifty-two week low of $74.03 and a fifty-two week high of $142.64. The firm’s 50 day simple moving average is $120.79 and its 200-day simple moving average is $115.25.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. As a group, equities research analysts predict that Agilysys, Inc. will post 0.8 EPS for the current year.

Insider Activity at Agilysys

In other Agilysys news, CFO William David Wood III sold 1,870 shares of Agilysys stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $134.01, for a total transaction of $250,598.70. Following the completion of the sale, the chief financial officer now owns 47,609 shares of the company’s stock, valued at $6,380,082.09. This trade represents a 3.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total transaction of $725,100.00. Following the completion of the transaction, the director now directly owns 233,076 shares in the company, valued at $22,533,787.68. This trade represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,599 shares of company stock valued at $8,913,222. Company insiders own 19.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AGYS. Northland Securities lifted their target price on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Needham & Company LLC lowered 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, January 22nd. Oppenheimer cut their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. Craig Hallum reduced their target price on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Finally, StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.00.

About Agilysys

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.