Franklin Resources Inc. increased its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 434.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 98,128 shares of the software maker's stock after purchasing an additional 79,764 shares during the quarter. Franklin Resources Inc. owned 0.35% of Agilysys worth $11,477,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Larson Financial Group LLC acquired a new position in shares of Agilysys during the 2nd quarter worth approximately $32,000. Advisors Asset Management Inc. increased its holdings in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock worth $37,000 after acquiring an additional 182 shares in the last quarter. GAMMA Investing LLC raised its position in Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock worth $45,000 after acquiring an additional 166 shares during the period. NBC Securities Inc. purchased a new position in Agilysys during the third quarter valued at $46,000. Finally, Exchange Traded Concepts LLC grew its position in shares of Agilysys by 76.2% in the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker's stock valued at $52,000 after purchasing an additional 205 shares during the period. Hedge funds and other institutional investors own 88.00% of the company's stock.
Shares of Agilysys stock opened at $138.67 on Friday. The business's 50 day moving average price is $123.56 and its 200 day moving average price is $111.46. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 39.51 and a beta of 0.93. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. Agilysys, Inc. has a one year low of $73.52 and a one year high of $142.64.
Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. During the same quarter in the previous year, the firm earned $0.25 EPS. The company's quarterly revenue was up 16.6% compared to the same quarter last year. On average, research analysts predict that Agilysys, Inc. will post 0.81 EPS for the current year.
Several research firms recently weighed in on AGYS. Oppenheimer upped their price target on shares of Agilysys from $135.00 to $150.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. StockNews.com cut Agilysys from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Northland Securities reiterated an "outperform" rating and set a $145.00 price target (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Needham & Company LLC increased their price objective on Agilysys from $125.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, BTIG Research lifted their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Agilysys has a consensus rating of "Moderate Buy" and a consensus price target of $137.80.
Check Out Our Latest Stock Report on Agilysys
In other Agilysys news, Director John Mutch sold 500 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $137.86, for a total transaction of $68,930.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris J. Robertson sold 264 shares of Agilysys stock in a transaction on Friday, November 1st. The shares were 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 in the company, valued at $2,281,856.64. This represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,122 shares of company stock valued at $1,231,391 over the last ninety days. Company insiders own 19.30% of the company's stock.
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.
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