Segall Bryant & Hamill LLC Has $18.23 Million Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Segall Bryant & Hamill LLC decreased its position in Agilysys, Inc. (NASDAQ:AGYS) by 18.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 167,334 shares of the software maker’s stock after selling 37,978 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.60% of Agilysys worth $18,234,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AGYS. GAMMA Investing LLC increased its position in Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after buying an additional 154 shares during the last quarter. CWM LLC increased its stake in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after acquiring an additional 199 shares during the period. Larson Financial Group LLC acquired a new position in Agilysys in the 2nd quarter valued at $32,000. NBC Securities Inc. acquired a new position in Agilysys in the third quarter valued at about $46,000. Finally, Exchange Traded Concepts LLC grew its stake in 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 in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Insider Transactions at Agilysys

In other Agilysys news, Director Melvin L. Keating sold 3,280 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $122.84, for a total transaction of $402,915.20. Following the sale, the director now directly owns 34,407 shares in the company, valued at $4,226,555.88. This represents a 8.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Chris J. Robertson sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total value of $435,320.00. Following the completion of the transaction, the insider now directly owns 22,888 shares in the company, valued at approximately $2,490,901.04. This trade represents a 14.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,023 shares of company stock valued at $4,548,979 in the last quarter. 19.30% of the stock is owned by insiders.

Agilysys Price Performance

NASDAQ AGYS opened at $125.78 on Thursday. The company has a market cap of $3.52 billion, a PE ratio of 35.83 and a beta of 0.85. Agilysys, Inc. has a 52 week low of $73.52 and a 52 week high of $128.61. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $110.92 and its two-hundred day simple moving average is $105.08.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $68.30 million for the quarter, compared to analysts’ expectations of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. Research analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AGYS shares. Oppenheimer upped their price objective on Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Needham & Company LLC increased their price target on Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, November 15th. BTIG Research upped their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Northland Securities reiterated an “outperform” rating and issued a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Finally, StockNews.com lowered shares of 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.80.

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.