Thrivent Financial for Lutherans Cuts Stake in Agilysys, Inc. (NASDAQ:AGYS)

Thrivent Financial for Lutherans lowered its stake in Agilysys, Inc. (NASDAQ:AGYS) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 186,294 shares of the software maker’s stock after selling 2,242 shares during the quarter. Thrivent Financial for Lutherans owned about 0.67% of Agilysys worth $24,537,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of AGYS. Lord Abbett & CO. LLC grew its position in Agilysys by 47.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after acquiring an additional 340,424 shares in the last quarter. State Street Corp grew its holdings in Agilysys by 5.0% during the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after purchasing an additional 43,760 shares in the last quarter. Geode Capital Management LLC increased its stake in Agilysys by 6.2% during the 3rd 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 increased its stake in Agilysys by 1,197.1% during the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock worth $55,105,000 after buying an additional 466,704 shares during the period. Finally, Loomis Sayles & Co. L P lifted its holdings in Agilysys by 5.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 502,422 shares of the software maker’s stock worth $54,749,000 after buying an additional 25,254 shares in the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $132.98, for a total value of $997,350.00. Following the sale, the director now owns 270,576 shares of the company’s stock, valued at $35,981,196.48. This trade represents a 2.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the completion of the sale, the director now owns 32,654 shares in the company, valued at approximately $2,542,766.98. This represents 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 insiders.

Agilysys Stock Performance

Agilysys stock opened at $75.09 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. Agilysys, Inc. has a 12 month low of $71.37 and a 12 month high of $142.64. The company has a fifty day moving average price of $90.17 and a two-hundred day moving average price of $109.38. The company has a market cap of $2.10 billion, a PE ratio of 93.86 and a beta of 0.98.

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

Analysts Set New Price Targets

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

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.