Illinois Municipal Retirement Fund Buys 328 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Illinois Municipal Retirement Fund lifted its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,994 shares of the software maker’s stock after buying an additional 328 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Agilysys were worth $1,580,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. grew its position in shares of Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares during the period. Harbor Investment Advisory LLC grew its position in shares of Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after buying an additional 193 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Agilysys during the 4th quarter worth approximately $61,000. US Bancorp DE grew 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 buying an additional 122 shares during the period. Finally, KBC Group NV grew its position in shares of Agilysys by 71.3% during the 4th quarter. KBC Group NV now owns 1,127 shares of the software maker’s stock worth $148,000 after buying an additional 469 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Stock Up 0.5 %

Shares of NASDAQ AGYS opened at $80.99 on Friday. The stock has a market cap of $2.26 billion, a P/E ratio of 101.24 and a beta of 0.93. The firm has a 50 day moving average price of $106.34 and a 200 day moving average price of $112.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. Agilysys, Inc. has a 52-week low of $74.03 and a 52-week high of $142.64.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share. Analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AGYS. Craig Hallum lowered their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Oppenheimer lowered their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, January 22nd. Needham & Company LLC decreased their price objective on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Finally, Northland Securities boosted their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Insider Activity

In other news, insider Chris J. Robertson sold 729 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $134.01, for a total value of $97,693.29. Following the sale, the insider now owns 21,895 shares of the company’s stock, valued at $2,934,148.95. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total transaction of $725,100.00. Following the completion of the sale, the director now directly owns 233,076 shares in the company, valued at approximately $22,533,787.68. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,099 shares of company stock worth $8,844,292 over the last quarter. 19.30% of the stock is currently owned by company 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.