Olympiad Research LP Sells 4,558 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Olympiad Research LP trimmed its position in Agilysys, Inc. (NASDAQ:AGYS) by 62.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,710 shares of the software maker’s stock after selling 4,558 shares during the quarter. Olympiad Research LP’s holdings in Agilysys were worth $357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC grew its holdings in Agilysys by 19.1% in the 4th quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock valued at $11,157,000 after buying an additional 13,785 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in Agilysys by 59.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock valued at $16,959,000 after buying an additional 53,026 shares in the last quarter. State Street Corp grew its holdings in Agilysys by 5.0% in the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after buying an additional 43,760 shares in the last quarter. Geode Capital Management LLC grew its holdings in Agilysys by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after buying an additional 30,655 shares in the last quarter. Finally, Shaker Investments LLC OH acquired a new position in Agilysys in the 4th quarter valued at $1,084,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Chris J. Robertson sold 729 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $134.01, for a total transaction of $97,693.29. Following the completion of the transaction, the insider now directly owns 21,895 shares in the company, valued at $2,934,148.95. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Mutch sold 500 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $137.86, for a total value of $68,930.00. Following the transaction, the director now owns 34,654 shares of the company’s stock, valued at $4,777,400.44. This trade represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,599 shares of company stock worth $8,913,222 in the last ninety days. 19.30% of the stock is owned by insiders.

Agilysys Price Performance

Shares of AGYS stock opened at $77.54 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. Agilysys, Inc. has a twelve month low of $74.03 and a twelve month high of $142.64. The company has a market cap of $2.17 billion, a P/E ratio of 96.93 and a beta of 0.93. The business has a fifty day simple moving average of $111.97 and a 200 day simple moving average of $113.66.

Agilysys (NASDAQ:AGYS) last announced 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. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. During the same period in the prior year, the company earned $0.35 EPS. Agilysys’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, sell-side analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AGYS. Oppenheimer decreased their price objective on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Needham & Company LLC reduced their target price on Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Northland Securities increased 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. BTIG Research increased 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. Finally, StockNews.com lowered 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

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.