Los Angeles Capital Management LLC Has $1.65 Million Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Los Angeles Capital Management LLC reduced its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,099 shares of the software maker’s stock after selling 100 shares during the period. Los Angeles Capital Management LLC’s holdings in Agilysys were worth $1,645,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares during the period. CWM LLC raised its holdings in shares of Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after buying an additional 199 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Agilysys during the 2nd quarter worth approximately $32,000. NBC Securities Inc. acquired a new stake in Agilysys in the 3rd quarter valued at $46,000. Finally, Exchange Traded Concepts LLC grew its position in Agilysys by 76.2% in the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after acquiring an additional 205 shares during the period. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Performance

Shares of Agilysys stock opened at $125.02 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $109.05 and a 200 day simple moving average of $103.66. Agilysys, Inc. has a fifty-two week low of $73.52 and a fifty-two week high of $128.61. The firm has a market cap of $3.49 billion, a P/E ratio of 35.65 and a beta of 0.85.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. During the same period last year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. Sell-side analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Chris J. Robertson sold 264 shares of Agilysys stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the completion of the sale, the insider now owns 22,624 shares in the company, valued at $2,281,856.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Agilysys news, insider Chris J. Robertson sold 264 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $26,627.04. Following the transaction, the insider now directly owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at $85,441,345.59. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 42,023 shares of company stock valued at $4,548,979. 19.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AGYS has been the subject of a number of analyst reports. Craig Hallum lifted their price objective on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Agilysys in a report on Tuesday, October 29th. BTIG Research boosted their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $145.00 price target (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. One 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.80.

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.