Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Agilysys, Inc. (NASDAQ:AGYS)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,600 shares of the software maker’s stock, valued at approximately $1,155,000.

Other large investors have also made changes to their positions in the company. US Bancorp DE boosted its stake in shares of Agilysys by 11.2% during the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after purchasing an additional 122 shares during the last quarter. GAMMA Investing LLC boosted 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 worth $26,000 after purchasing an additional 154 shares during the last quarter. RiverPark Advisors LLC grew its position in shares of Agilysys by 9.6% in the second quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock valued at $202,000 after purchasing an additional 170 shares during the period. Advisors Asset Management Inc. increased its stake in 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 purchasing an additional 182 shares during the last quarter. Finally, CWM LLC lifted its position in Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Stock Down 1.5 %

Shares of Agilysys stock opened at $132.24 on Tuesday. The company has a fifty day moving average price of $116.42 and a 200 day moving average price of $108.13. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $139.99. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 37.68 and a beta of 0.85.

Agilysys (NASDAQ:AGYS) last announced 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% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. Equities research analysts forecast that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Activity at Agilysys

In related news, SVP Kyle C. Badger sold 471 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 $47,505.06. Following the completion of the sale, the senior vice president now owns 115,117 shares in the company, valued at approximately $11,610,700.62. The trade was a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO William David Wood III sold 588 shares of the 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 transaction, the chief financial officer now owns 49,479 shares in the company, valued at $4,990,451.94. This trade represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,523 shares of company stock valued at $2,971,199. Corporate insiders own 19.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AGYS. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer upped their price target on shares of Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. BTIG Research lifted their price target on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Northland Securities restated an “outperform” rating and set a $145.00 price objective (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Finally, Needham & Company LLC lifted their target price on Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.80.

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.