Agilysys, Inc. $AGYS Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 15.1% in the 2nd quarter, Holdings Channel reports. The fund owned 427,690 shares of the software maker’s stock after buying an additional 56,262 shares during the period. New York State Common Retirement Fund’s holdings in Agilysys were worth $49,030,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Agilysys by 0.8% in the first quarter. Vanguard Group Inc. now owns 2,228,018 shares of the software maker’s stock valued at $161,620,000 after purchasing an additional 18,744 shares during the period. Nuveen LLC acquired a new position in Agilysys during the first quarter worth about $80,730,000. Geneva Capital Management LLC grew its position in shares of Agilysys by 6.7% in the second quarter. Geneva Capital Management LLC now owns 816,637 shares of the software maker’s stock valued at $93,619,000 after purchasing an additional 51,274 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of Agilysys by 9.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 629,891 shares of the software maker’s stock worth $72,211,000 after acquiring an additional 53,360 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Agilysys by 38.7% during the second quarter. American Century Companies Inc. now owns 627,660 shares of the software maker’s stock worth $71,955,000 after purchasing an additional 175,137 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Sethuram Shivashankar sold 497 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $124.64, for a total value of $61,946.08. Following the sale, the insider directly owned 24,031 shares in the company, valued at approximately $2,995,223.84. This trade represents a 2.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donald A. Colvin sold 6,000 shares of Agilysys stock in a transaction on Friday, November 21st. The stock was sold at an average price of $123.28, for a total transaction of $739,680.00. Following the sale, the director directly owned 24,592 shares of the company’s stock, valued at approximately $3,031,701.76. This trade represents a 19.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 16,080 shares of company stock worth $1,936,237. Corporate insiders own 8.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AGYS. Zacks Research upgraded Agilysys from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $140.00 price objective on shares of Agilysys in a research note on Tuesday, October 28th. Wall Street Zen upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Agilysys in a report on Wednesday, October 8th. Finally, Needham & Company LLC raised their price target on shares of Agilysys from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $138.67.

Agilysys Stock Performance

Shares of Agilysys stock opened at $123.42 on Friday. Agilysys, Inc. has a one year low of $63.71 and a one year high of $145.25. The company has a market cap of $3.46 billion, a PE ratio of 143.51 and a beta of 0.66. The business has a 50-day simple moving average of $117.14 and a 200-day simple moving average of $112.15.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share for the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. The firm had revenue of $36.34 million for the quarter. On average, sell-side analysts predict that Agilysys, Inc. will post 0.8 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.