EntryPoint Capital LLC Has $259,000 Stake in Agilysys, Inc. (NASDAQ:AGYS)

EntryPoint Capital LLC trimmed its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 53.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,970 shares of the software maker’s stock after selling 2,249 shares during the period. EntryPoint Capital LLC’s holdings in Agilysys were worth $259,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Agilysys by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 2,209,274 shares of the software maker’s stock valued at $290,983,000 after acquiring an additional 58,926 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Agilysys by 47.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after buying an additional 340,424 shares during the period. State Street Corp boosted its holdings in Agilysys by 5.0% during the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after buying an additional 43,760 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Agilysys by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after buying an additional 30,655 shares during the period. Finally, FMR LLC increased its stake in shares of Agilysys by 1,197.1% in the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after acquiring an additional 466,704 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

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 sale, the director now directly owns 31,904 shares in the company, valued at approximately $2,403,328.32. The trade was a 2.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total transaction of $725,100.00. Following the transaction, the director now owns 233,076 shares of the company’s stock, valued at approximately $22,533,787.68. This represents a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,250 shares of company stock valued at $8,708,238 over the last 90 days. 19.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Needham & Company LLC decreased 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. Craig Hallum decreased their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Oppenheimer dropped their price objective on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. Northland Securities boosted their target price on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, UBS Group set a $100.00 price target on Agilysys in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $127.50.

Agilysys Price Performance

AGYS stock opened at $73.11 on Friday. The stock has a market cap of $2.04 billion, a PE ratio of 91.39 and a beta of 0.98. The stock has a 50-day moving average price of $83.78 and a two-hundred day moving average price of $108.11. Agilysys, Inc. has a 1 year low of $71.37 and a 1 year high of $142.64. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $0.35 earnings per share. Agilysys’s quarterly revenue was up 14.9% on a year-over-year basis. Equities analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current fiscal 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.