Agilysys, Inc. $AGYS Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 48.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,774 shares of the software maker’s stock after purchasing an additional 21,268 shares during the quarter. Mutual of America Capital Management LLC owned about 0.23% of Agilysys worth $7,426,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of Agilysys by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock worth $35,000 after buying an additional 92 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after acquiring an additional 159 shares during the period. AlphaQuest LLC raised its holdings in Agilysys by 2,026.0% during the first quarter. AlphaQuest LLC now owns 1,063 shares of the software maker’s stock worth $77,000 after purchasing an additional 1,013 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in Agilysys in the first quarter worth approximately $86,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Agilysys by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker’s stock valued at $102,000 after purchasing an additional 141 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Agilysys in a research report on Wednesday, October 8th. Oppenheimer boosted their price target on shares of Agilysys from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 9th. Finally, Zacks Research raised shares of Agilysys from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.57.

Agilysys Stock Performance

Shares of NASDAQ AGYS opened at $110.78 on Tuesday. Agilysys, Inc. has a 52-week low of $63.71 and a 52-week high of $142.64. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 221.56 and a beta of 0.61. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $107.71 and its 200 day simple moving average is $101.74.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share for the quarter. The firm had revenue of $36.34 million for the quarter. Agilysys had a return on equity of 11.13% and a net margin of 4.85%. As a group, sell-side analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

About Agilysys

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.