Synergy Asset Management LLC Acquires 13,785 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Synergy Asset Management LLC boosted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 19.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 86,080 shares of the software maker’s stock after purchasing an additional 13,785 shares during the period. Agilysys comprises approximately 0.9% of Synergy Asset Management LLC’s investment portfolio, making the stock its 28th biggest holding. Synergy Asset Management LLC’s holdings in Agilysys were worth $11,157,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AGYS. US Bancorp DE boosted its stake in Agilysys by 11.2% in the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after acquiring an additional 122 shares during the last quarter. GAMMA Investing LLC grew its holdings in Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after purchasing an additional 166 shares during the period. Blue Trust Inc. increased its position in Agilysys by 18.9% in the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock worth $149,000 after buying an additional 180 shares during the last quarter. Advisors Asset Management Inc. raised 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 valued at $37,000 after buying an additional 182 shares during the period. Finally, Harbor Investment Advisory LLC lifted its position in shares of Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after buying an additional 193 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AGYS has been the topic of a number of research reports. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Needham & Company LLC dropped their price target on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Oppenheimer reduced their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. BTIG Research raised their price target on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Craig Hallum reduced their price target on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Agilysys Price Performance

Agilysys stock opened at $92.44 on Thursday. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 115.55 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $129.00 and a 200 day simple moving average of $116.52. Agilysys, Inc. has a 52 week low of $74.03 and a 52 week high of $142.64.

Agilysys (NASDAQ:AGYS) last released its earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS 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 return on equity of 9.38% and a net margin of 8.45%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, research analysts forecast that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Agilysys

In other news, insider Chris J. Robertson sold 264 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the completion of the sale, the insider now owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. The trade was a 1.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Mutch sold 500 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $4,777,400.44. The trade was a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 77,622 shares of company stock worth $9,727,391 over the last ninety days. Insiders own 19.30% of the company’s stock.

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.