Franklin Resources Inc. Purchases 73,220 Shares of Agilysys, Inc. $AGYS

Franklin Resources Inc. grew its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 23.9% in the second quarter, Holdings Channel.com reports. The firm owned 379,587 shares of the software maker’s stock after buying an additional 73,220 shares during the period. Franklin Resources Inc.’s holdings in Agilysys were worth $43,516,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of Agilysys by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after buying an additional 92 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Agilysys by 30.1% in the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after buying an additional 159 shares in the last quarter. AlphaQuest LLC raised its holdings in Agilysys by 2,026.0% during the 1st quarter. AlphaQuest LLC now owns 1,063 shares of the software maker’s stock valued at $77,000 after acquiring an additional 1,013 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Agilysys by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker’s stock valued at $102,000 after acquiring an additional 141 shares during the period. Finally, Quaker Wealth Management LLC lifted its position in shares of Agilysys by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 985 shares of the software maker’s stock worth $113,000 after acquiring an additional 1,970 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AGYS shares. Wall Street Zen upgraded Agilysys from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $140.00 target price on shares of Agilysys in a research note on Tuesday, October 28th. Oppenheimer reaffirmed an “outperform” rating on shares of Agilysys in a report on Tuesday, October 28th. Zacks Research raised shares of Agilysys from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Finally, UBS Group set a $155.00 price objective on shares of Agilysys in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Agilysys currently has an average rating of “Buy” and an average target price of $138.67.

Agilysys Stock Up 4.1%

Agilysys stock opened at $125.97 on Wednesday. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 146.48 and a beta of 0.66. The business has a 50-day simple moving average of $116.05 and a 200 day simple moving average of $111.48. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $145.25.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share for the quarter. The firm had revenue of $36.34 million for the quarter. Agilysys had a return on equity of 11.22% and a net margin of 8.12%. On average, research analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Kyle C. Badger sold 502 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $124.64, for a total transaction of $62,569.28. Following the sale, the senior vice president owned 114,911 shares in the company, valued at approximately $14,322,507.04. This trade represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO William David Wood III sold 584 shares of Agilysys stock in a transaction 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 sale, the chief financial officer directly owned 41,052 shares of the company’s stock, valued at $5,139,710.40. This represents a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,080 shares of company stock valued at $1,936,237 over the last three months. Corporate insiders own 8.60% of the company’s stock.

Agilysys 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.