ProShare Advisors LLC Acquires 413 Shares of Agilysys, Inc. $AGYS

ProShare Advisors LLC grew its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,717 shares of the software maker’s stock after purchasing an additional 413 shares during the period. ProShare Advisors LLC’s holdings in Agilysys were worth $655,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Agilysys by 43.2% in the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after buying an additional 92 shares during the period. Yousif Capital Management LLC lifted its position in shares of Agilysys by 1.1% during the 2nd quarter. Yousif Capital Management LLC now owns 8,407 shares of the software maker’s stock valued at $964,000 after acquiring an additional 94 shares during the period. KLP Kapitalforvaltning AS grew its holdings in shares of Agilysys by 1.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 5,700 shares of the software maker’s stock worth $653,000 after purchasing an additional 100 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Agilysys by 0.3% in the second quarter. New York State Teachers Retirement System now owns 32,140 shares of the software maker’s stock worth $3,685,000 after purchasing an additional 100 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Agilysys by 8.3% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,521 shares of the software maker’s stock valued at $174,000 after purchasing an additional 116 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Price Performance

Shares of Agilysys stock opened at $123.18 on Wednesday. The company’s 50 day moving average price is $114.51 and its two-hundred day moving average price is $109.92. The firm has a market capitalization of $3.45 billion, a P/E ratio of 143.23 and a beta of 0.66. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $145.25.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. Agilysys had a return on equity of 11.22% and a net margin of 8.12%.The company had revenue of $36.34 million during the quarter. On average, analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Transactions at Agilysys

In other news, insider Joe Ahmed Youssef Abdelrahman sold 504 shares of Agilysys stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $106.88, for a total transaction of $53,867.52. Following the sale, the insider directly owned 19,731 shares of the company’s stock, valued at approximately $2,108,849.28. This trade represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO William David Wood III sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $115.55, for a total value of $693,300.00. Following the completion of the transaction, the chief financial officer directly owned 41,288 shares of the company’s stock, valued at $4,770,828.40. This represents a 12.69% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 10,080 shares of company stock valued at $1,196,557. 8.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Oppenheimer reiterated an “outperform” rating on shares of Agilysys in a research note on Tuesday, October 28th. Cantor Fitzgerald reiterated an “overweight” rating and set a $140.00 price target on shares of Agilysys in a research report on Tuesday, October 28th. Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Needham & Company LLC raised their target price on Agilysys from $130.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen raised Agilysys from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $138.67.

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.