Agilysys, Inc. (NASDAQ:AGYS) Stake Cut by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 16.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 273,895 shares of the software maker’s stock after selling 53,194 shares during the quarter. New York State Common Retirement Fund’s holdings in Agilysys were worth $29,846,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AGYS. Oak Ridge Investments LLC acquired a new position in Agilysys during the third quarter valued at $3,112,000. US Bancorp DE lifted its position 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. State of Alaska Department of Revenue boosted its position in shares of Agilysys by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 12,718 shares of the software maker’s stock valued at $1,385,000 after acquiring an additional 862 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Agilysys by 5.9% during the third quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the software maker’s stock valued at $1,177,000 after buying an additional 600 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Agilysys by 19.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 199,207 shares of the software maker’s stock valued at $21,708,000 after acquiring an additional 33,066 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

AGYS has been the topic of a number of research reports. Oppenheimer upped their target price on shares of Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Northland Securities reiterated an “outperform” rating and issued a $145.00 price objective (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. BTIG Research boosted their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Craig Hallum raised their price target on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $127.80.

Insider Activity at Agilysys

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00. Following the sale, the chief executive officer now directly owns 778,367 shares in the company, valued at approximately $85,441,345.59. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director John Mutch sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $113.69, for a total transaction of $113,690.00. Following the sale, the director now owns 36,326 shares of the company’s stock, valued at $4,129,902.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00. Following the completion of the transaction, the chief executive officer now owns 778,367 shares of the company’s stock, valued at $85,441,345.59. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,000 shares of company stock worth $3,734,810. 19.30% of the stock is currently owned by company insiders.

Agilysys Stock Up 2.3 %

NASDAQ:AGYS opened at $102.39 on Monday. The company has a quick ratio of 2.34, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. Agilysys, Inc. has a 12-month low of $73.52 and a 12-month high of $125.73. The stock’s fifty day simple moving average is $108.50 and its 200-day simple moving average is $102.08. The firm has a market capitalization of $2.86 billion, a P/E ratio of 29.17 and a beta of 0.85.

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

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.