Albert D Mason Inc. Has $1.26 Million Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Albert D Mason Inc. decreased its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,531 shares of the software maker’s stock after selling 196 shares during the period. Albert D Mason Inc.’s holdings in Agilysys were worth $1,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AGYS. Vanguard Group Inc. raised its stake in shares of Agilysys by 12.3% in the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after acquiring an additional 217,008 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of Agilysys by 439.5% in the first quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock valued at $84,903,000 after acquiring an additional 820,840 shares during the last quarter. Fred Alger Management LLC raised its position in Agilysys by 1.9% in the 2nd quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock worth $97,689,000 after purchasing an additional 17,898 shares during the last quarter. Lord Abbett & CO. LLC raised its position in Agilysys by 13.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after purchasing an additional 87,549 shares during the last quarter. Finally, Geneva Capital Management LLC raised its position in Agilysys by 10.6% in the 1st quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock worth $57,805,000 after purchasing an additional 65,672 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AGYS shares. BTIG Research boosted their price objective on shares of Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Agilysys in a research report on Monday, September 16th. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Oppenheimer boosted their price objective on shares of Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Finally, Northland Securities lifted their target price on shares of Agilysys from $118.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $124.00.

Agilysys Stock Down 7.3 %

Shares of AGYS stock opened at $108.83 on Wednesday. Agilysys, Inc. has a 12-month low of $63.78 and a 12-month high of $125.73. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 30.06 and a beta of 0.83. The firm has a fifty day moving average of $109.02 and a 200-day moving average of $100.80.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The company had revenue of $63.50 million during the quarter, compared to analyst estimates of $64.52 million. During the same quarter in the previous year, the business earned $0.18 EPS. The firm’s revenue was up 13.2% on a year-over-year basis. Research analysts expect that Agilysys, Inc. will post 0.62 earnings per share for the current year.

Insider Activity at Agilysys

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the sale, the chief executive officer now directly owns 778,367 shares of the company’s stock, valued at $85,441,345.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Chris J. Robertson sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the sale, the insider now owns 22,888 shares in the company, valued at approximately $2,490,901.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the sale, the chief executive officer now owns 778,367 shares in the company, valued at $85,441,345.59. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,000 shares of company stock valued at $3,734,810. 19.30% of the stock is owned by corporate insiders.

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.