Fox Run Management L.L.C. Acquires New Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Fox Run Management L.L.C. bought a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) in the fourth quarter, Holdings Channel reports. The firm bought 2,567 shares of the software maker’s stock, valued at approximately $338,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its stake in shares of Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after acquiring an additional 193 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after acquiring an additional 336 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Agilysys in the fourth quarter valued at about $61,000. Finally, Assetmark Inc. bought a new position in shares of Agilysys in the fourth quarter worth about $115,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insider Buying and Selling

In other Agilysys news, Director John Mutch sold 2,000 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the sale, the director now directly owns 32,654 shares of the company’s stock, valued at approximately $2,542,766.98. This represents a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $132.98, for a total transaction of $997,350.00. Following the sale, the director now directly owns 270,576 shares of the company’s stock, valued at approximately $35,981,196.48. The trade was a 2.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,250 shares of company stock worth $8,708,238 in the last 90 days. 19.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AGYS. Craig Hallum decreased their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Oppenheimer dropped their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. Needham & Company LLC reduced their price target 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. Northland Securities boosted their price objective on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, UBS Group set a $100.00 target price on shares of Agilysys in a research note on Wednesday, March 5th. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Agilysys Trading Down 1.3 %

Shares of Agilysys stock opened at $76.80 on Thursday. Agilysys, Inc. has a 52-week low of $71.37 and a 52-week high of $142.64. The firm has a market capitalization of $2.15 billion, a PE ratio of 96.00 and a beta of 0.98. 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’s fifty day moving average price is $85.90 and its two-hundred day moving average price is $108.53.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business 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 firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.

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.