Loomis Sayles & Co. L P Raises Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Loomis Sayles & Co. L P boosted its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 5.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 502,422 shares of the software maker’s stock after buying an additional 25,254 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Agilysys were worth $54,749,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AGYS. Vanguard Group Inc. raised its stake in shares of Agilysys by 12.3% during the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after acquiring an additional 217,008 shares during the last quarter. American Century Companies Inc. raised its position in Agilysys by 1,861.4% during the 2nd quarter. American Century Companies Inc. now owns 221,109 shares of the software maker’s stock valued at $23,026,000 after purchasing an additional 209,836 shares during the last quarter. William Blair Investment Management LLC bought a new position in Agilysys during the 2nd quarter valued at approximately $21,039,000. Conestoga Capital Advisors LLC purchased a new stake in Agilysys in the 2nd quarter worth approximately $16,546,000. Finally, International Assets Investment Management LLC bought a new position in shares of Agilysys during the third quarter valued at approximately $8,312,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00. Following the sale, the chief executive officer now owns 778,367 shares in the company, valued at approximately $85,441,345.59. This trade represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO William David Wood III sold 588 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $59,305.68. Following the sale, the chief financial officer now owns 49,479 shares of the company’s stock, valued at approximately $4,990,451.94. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,023 shares of company stock worth $4,548,979. 19.30% of the stock is owned by corporate insiders.

Agilysys Trading Up 0.2 %

Shares of NASDAQ AGYS opened at $137.80 on Tuesday. The company has a market cap of $3.85 billion, a PE ratio of 39.26 and a beta of 0.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The firm’s 50 day moving average price is $113.41 and its 200-day moving average price is $106.57. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $139.99.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business posted $0.25 EPS. On average, equities research analysts expect that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AGYS has been the subject of several research reports. Northland Securities reissued an “outperform” rating and issued a $145.00 target price (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. BTIG Research increased their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Needham & Company LLC boosted their target price on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Oppenheimer upped their price objective on shares of Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.80.

Agilysys 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.