New York State Common Retirement Fund Has $35.81 Million Stake in Agilysys, Inc. (NASDAQ:AGYS)

New York State Common Retirement Fund trimmed its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 271,851 shares of the software maker’s stock after selling 2,044 shares during the period. New York State Common Retirement Fund’s holdings in Agilysys were worth $35,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AGYS. FMR LLC lifted its holdings in shares of Agilysys by 1,197.1% in the third quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after purchasing an additional 466,704 shares in the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of 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 purchasing an additional 340,424 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Agilysys by 268.0% in the fourth quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker’s stock valued at $56,169,000 after purchasing an additional 310,573 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of Agilysys by 79.4% in the third quarter. Conestoga Capital Advisors LLC now owns 285,071 shares of the software maker’s stock valued at $31,064,000 after purchasing an additional 126,193 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Agilysys by 434.3% in the third quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock valued at $11,477,000 after purchasing an additional 79,764 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Agilysys

In other news, Director John Mutch sold 500 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $137.86, for a total value of $68,930.00. Following the transaction, the director now owns 34,654 shares of the company’s stock, valued at approximately $4,777,400.44. This represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total value of $979,125.00. Following the completion of the transaction, the director now directly owns 330,576 shares in the company, valued at $43,156,696.80. The trade was a 2.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,599 shares of company stock worth $8,913,222 over the last 90 days. Company insiders own 19.30% of the company’s stock.

Agilysys Stock Performance

AGYS opened at $80.93 on Friday. Agilysys, Inc. has a 52-week low of $74.03 and a 52-week high of $142.64. The firm has a market capitalization of $2.26 billion, a PE ratio of 101.16 and a beta of 0.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The business’s 50-day simple moving average is $113.08 and its 200 day simple moving average is $113.76.

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

Analyst Upgrades and Downgrades

AGYS has been the topic of a number of research reports. BTIG Research boosted their price target on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Needham & Company LLC dropped their target price on Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Northland Securities upped their target price on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Craig Hallum dropped their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $138.00.

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.