Public Sector Pension Investment Board Boosts Stake in Agilysys, Inc. (NASDAQ:AGYS)

Public Sector Pension Investment Board grew its position in Agilysys, Inc. (NASDAQ:AGYS) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,304 shares of the software maker’s stock after purchasing an additional 2,900 shares during the period. Public Sector Pension Investment Board’s holdings in Agilysys were worth $5,155,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. US Bancorp DE raised its holdings in Agilysys by 11.2% in the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after buying an additional 122 shares during the period. GAMMA Investing LLC increased its position in shares of Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after acquiring an additional 154 shares in the last quarter. RiverPark Advisors LLC raised its stake in shares of Agilysys by 9.6% in the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock valued at $202,000 after acquiring an additional 170 shares during the period. Advisors Asset Management Inc. lifted its holdings 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 valued at $37,000 after acquiring an additional 182 shares in the last quarter. Finally, CWM LLC boosted its position in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AGYS. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Needham & Company LLC boosted their price target on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Northland Securities restated an “outperform” rating and issued a $145.00 price target (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Oppenheimer lifted their price objective on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, BTIG Research upped their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.80.

Insider Activity

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the sale, the chief executive officer now owns 778,367 shares in the company, valued at $85,441,345.59. This represents a 1.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO William David Wood III sold 588 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $59,305.68. Following the transaction, the chief financial officer now directly owns 49,479 shares in the company, valued at approximately $4,990,451.94. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,523 shares of company stock worth $4,068,899. 19.30% of the stock is currently owned by corporate insiders.

Agilysys Price Performance

AGYS stock opened at $134.30 on Monday. The stock’s 50 day moving average is $115.92 and its two-hundred day moving average is $107.90. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $139.99. The company has a market capitalization of $3.75 billion, a PE ratio of 38.26 and a beta of 0.85. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. Analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal 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.