Agilysys, Inc. (NASDAQ:AGYS) Stock Position Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,146 shares of the software maker’s stock after selling 484 shares during the period. Teacher Retirement System of Texas’ holdings in Agilysys were worth $1,863,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lord Abbett & CO. LLC raised its position in shares of Agilysys by 47.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock worth $115,383,000 after purchasing an additional 340,424 shares during the period. State Street Corp grew its stake in Agilysys by 5.0% during the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after buying an additional 43,760 shares during the last quarter. Geode Capital Management LLC increased its position in Agilysys by 6.2% in the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after buying an additional 30,655 shares during the period. FMR LLC lifted its stake in Agilysys by 1,197.1% in the third quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after buying an additional 466,704 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Agilysys by 268.0% during the fourth quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker’s stock valued at $56,169,000 after acquiring an additional 310,573 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Stock Performance

NASDAQ:AGYS opened at $75.62 on Friday. Agilysys, Inc. has a twelve month low of $71.37 and a twelve month high of $142.64. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 94.53 and a beta of 0.98. The company has a 50-day moving average of $84.75 and a 200-day moving average of $108.30. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

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

Insider Buying and Selling at Agilysys

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the completion of the sale, the director now owns 315,576 shares of the company’s stock, valued at $41,132,175.84. This trade represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John Mutch sold 2,000 shares of the company’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $77.87, for a total value of $155,740.00. Following the transaction, the director now directly owns 32,654 shares in the company, valued at $2,542,766.98. The trade was a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,250 shares of company stock valued at $8,708,238. 19.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Needham & Company LLC reduced their target price on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Northland Securities raised their target price on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. UBS Group set a $100.00 price target on Agilysys in a research note on Wednesday, March 5th. Craig Hallum reduced their price objective on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Finally, Oppenheimer dropped their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.50.

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.