Thrivent Financial for Lutherans Increases Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Thrivent Financial for Lutherans grew its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,536 shares of the software maker’s stock after purchasing an additional 3,148 shares during the period. Thrivent Financial for Lutherans’ holdings in Agilysys were worth $20,545,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. US Bancorp DE boosted its holdings in Agilysys by 11.2% in the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after purchasing an additional 122 shares during the period. GAMMA Investing LLC boosted its stake in shares of Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after buying an additional 154 shares during the period. RiverPark Advisors LLC grew its position in shares of Agilysys by 9.6% during the second quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock worth $202,000 after buying an additional 170 shares in the last quarter. CWM LLC raised its holdings in Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after acquiring an additional 199 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in Agilysys by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker’s stock worth $1,062,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insider Activity at Agilysys

In other news, CFO William David Wood III sold 588 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $59,305.68. Following the transaction, the chief financial officer now directly owns 49,479 shares of the company’s stock, valued at approximately $4,990,451.94. The trade was a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Melvin L. Keating sold 3,280 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $122.84, for a total value of $402,915.20. Following the transaction, the director now owns 34,407 shares of the company’s stock, valued at approximately $4,226,555.88. This trade represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,023 shares of company stock worth $4,548,979. 19.30% of the stock is currently owned by insiders.

Agilysys Price Performance

Shares of NASDAQ AGYS opened at $125.78 on Thursday. The stock has a fifty day moving average price of $110.92 and a 200 day moving average price of $105.08. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $128.61. 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 company has a market cap of $3.52 billion, a PE ratio of 35.83 and a beta of 0.85.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping 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 business had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. During the same quarter in the previous year, the company earned $0.25 EPS. The company’s quarterly revenue was up 16.6% on a year-over-year basis. Sell-side analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AGYS. Northland Securities restated an “outperform” rating and issued a $145.00 price objective (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Needham & Company LLC upped their price objective on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. BTIG Research raised their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Oppenheimer raised their price objective on shares of Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.80.

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.