Avantax Advisory Services Inc. Has $994,000 Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Avantax Advisory Services Inc. raised its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 10.5% during the fourth quarter, HoldingsChannel reports. The firm owned 7,547 shares of the software maker’s stock after acquiring an additional 717 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Agilysys were worth $994,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AGYS. Advisors Asset Management Inc. boosted its stake in Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after buying an additional 182 shares in the last quarter. Harbor Investment Advisory LLC boosted 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 valued at $49,000 after purchasing an additional 193 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Agilysys by 381.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after purchasing an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in Agilysys during the 4th quarter worth approximately $61,000. Finally, Assetmark Inc. bought a new position in Agilysys in the 4th quarter valued at approximately $115,000. Institutional investors own 88.00% of the company’s stock.

Insider Transactions at Agilysys

In other Agilysys news, Director John Mutch sold 750 shares of Agilysys stock in a transaction 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 completion of the sale, the director now directly owns 31,904 shares of the company’s stock, valued at approximately $2,403,328.32. The trade was a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction dated 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 in the company, valued at $41,132,175.84. This represents a 2.32 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,250 shares of company stock valued at $8,708,238. Corporate insiders own 19.30% of the company’s stock.

Agilysys Stock Performance

Shares of AGYS stock opened at $76.58 on Thursday. 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 one year low of $71.37 and a one year high of $142.64. The business’s 50 day simple moving average is $91.36 and its 200 day simple moving average is $109.62. The stock has a market capitalization of $2.14 billion, a PE ratio of 95.73 and a beta of 0.98.

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 company had revenue of $69.60 million during 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%. Agilysys’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share. As a group, research analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on AGYS. Northland Securities upped 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. Oppenheimer dropped their target price on Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, January 22nd. UBS Group set a $100.00 price target on Agilysys in a report on Wednesday, March 5th. Needham & Company LLC dropped their price objective on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Craig Hallum reduced their target price on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Agilysys presently has a consensus rating of “Moderate Buy” and an average price target of $127.50.

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.