Principal Financial Group Inc. Boosts Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Principal Financial Group Inc. raised its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,901 shares of the software maker’s stock after buying an additional 2,949 shares during the quarter. Principal Financial Group Inc.’s holdings in Agilysys were worth $12,630,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after acquiring an additional 154 shares in the last quarter. CWM LLC increased its stake in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after purchasing an additional 199 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Agilysys in the second quarter worth approximately $32,000. NBC Securities Inc. purchased a new stake in shares of Agilysys during the third quarter valued at approximately $46,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after acquiring an additional 205 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

Agilysys Trading Up 0.3 %

Agilysys stock opened at $121.19 on Friday. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $128.61. The company has a market cap of $3.39 billion, a P/E ratio of 34.53 and a beta of 0.85. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The business has a 50-day simple moving average of $110.04 and a two-hundred day simple moving average of $104.20.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.54 million. During the same quarter last year, the firm posted $0.25 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year. Analysts predict that Agilysys, Inc. will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on AGYS. BTIG Research lifted their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Craig Hallum upped their target price on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Securities restated an “outperform” rating and set a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Finally, Oppenheimer raised their target price 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 assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.80.

Insider Transactions at Agilysys

In related news, SVP Kyle C. Badger sold 471 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $47,505.06. Following the completion of the sale, the senior vice president now directly owns 115,117 shares of the company’s stock, valued at approximately $11,610,700.62. This represents a 0.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chris J. Robertson sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the sale, the insider now owns 22,888 shares in the company, valued at approximately $2,490,901.04. The trade was a 14.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,023 shares of company stock worth $4,548,979 in the last 90 days. 19.30% of the stock is currently owned by insiders.

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.