Arizona State Retirement System Cuts Stake in Agilysys, Inc. (NASDAQ:AGYS)

Arizona State Retirement System reduced its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,379 shares of the software maker’s stock after selling 123 shares during the quarter. Arizona State Retirement System’s holdings in Agilysys were worth $541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Agilysys by 159.4% during the 3rd quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock valued at $39,814,000 after buying an additional 369,780 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Agilysys by 6.1% in the third quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker’s stock valued at $121,617,000 after purchasing an additional 106,026 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Agilysys by 346.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 29,031 shares of the software maker’s stock valued at $1,921,000 after purchasing an additional 22,527 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Agilysys by 36.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 218,418 shares of the software maker’s stock valued at $18,526,000 after purchasing an additional 58,278 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Agilysys by 7,338.0% in the third quarter. Exchange Traded Concepts LLC now owns 18,223 shares of the software maker’s stock valued at $1,206,000 after purchasing an additional 17,978 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Needham & Company LLC raised their target price on shares of Agilysys from $92.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.75.

Agilysys Stock Up 0.0 %

Shares of AGYS opened at $81.78 on Friday. The company has a market cap of $2.24 billion, a PE ratio of 25.64 and a beta of 0.66. The business has a fifty day moving average of $80.66 and a 200 day moving average of $81.35. Agilysys, Inc. has a 52-week low of $62.00 and a 52-week high of $91.61.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, January 22nd. The software maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. Agilysys had a return on equity of 20.54% and a net margin of 38.27%. The company had revenue of $60.57 million during the quarter, compared to the consensus estimate of $60.07 million. During the same period last year, the company earned $0.26 earnings per share. Agilysys’s revenue was up 21.3% on a year-over-year basis. As a group, research analysts anticipate that Agilysys, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at Agilysys

In other news, major shareholder Mak Capital One Llc sold 867,729 shares of Agilysys stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the completion of the sale, the insider now directly owns 2,060,458 shares in the company, valued at $170,173,226.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Mak Capital One Llc sold 867,729 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the transaction, the insider now owns 2,060,458 shares in the company, valued at $170,173,226.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William David Wood III sold 10,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $85.45, for a total value of $854,500.00. Following the transaction, the chief financial officer now owns 50,391 shares in the company, valued at approximately $4,305,910.95. The disclosure for this sale can be found here. Corporate insiders own 23.60% of the company’s stock.

Agilysys Company Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.