Geode Capital Management LLC Buys 45,037 Shares of Agilysys, Inc. $AGYS

Geode Capital Management LLC lifted its stake in Agilysys, Inc. (NASDAQ:AGYS) by 8.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 607,664 shares of the software maker’s stock after buying an additional 45,037 shares during the quarter. Geode Capital Management LLC owned approximately 2.17% of Agilysys worth $69,670,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AGYS. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Agilysys by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker’s stock worth $102,000 after purchasing an additional 141 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Agilysys in the first quarter worth about $1,078,000. Versor Investments LP bought a new stake in shares of Agilysys in the second quarter worth about $1,207,000. Mutual of America Capital Management LLC lifted its position in shares of Agilysys by 48.9% in the second quarter. Mutual of America Capital Management LLC now owns 64,774 shares of the software maker’s stock worth $7,426,000 after buying an additional 21,268 shares in the last quarter. Finally, Geneva Capital Management LLC boosted its stake in Agilysys by 6.7% during the second quarter. Geneva Capital Management LLC now owns 816,637 shares of the software maker’s stock valued at $93,619,000 after buying an additional 51,274 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Performance

NASDAQ:AGYS opened at $123.36 on Friday. The firm has a market capitalization of $3.46 billion, a PE ratio of 143.44 and a beta of 0.66. The stock’s fifty day moving average is $115.40 and its 200 day moving average is $110.66. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $145.25.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Wednesday, June 5th. The software maker reported $0.21 earnings per share for the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. The business had revenue of $36.34 million for the quarter. Equities analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.

Insider Buying and Selling

In other news, CFO William David Wood III sold 584 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $125.20, for a total transaction of $73,116.80. Following the transaction, the chief financial officer owned 41,052 shares of the company’s stock, valued at approximately $5,139,710.40. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Joe Ahmed Youssef Abdelrahman sold 504 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $106.88, for a total value of $53,867.52. Following the completion of the sale, the insider owned 19,731 shares in the company, valued at approximately $2,108,849.28. The trade was a 2.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 10,080 shares of company stock worth $1,196,557 over the last three months. 8.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on AGYS. Zacks Research upgraded Agilysys from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a report on Wednesday, October 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $140.00 price target on shares of Agilysys in a research report on Tuesday, October 28th. Wall Street Zen raised shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, UBS Group set a $155.00 price objective on shares of Agilysys in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $138.67.

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.