Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Strs Ohio

Strs Ohio cut its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 13.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 10,000 shares of the software maker’s stock after selling 1,500 shares during the period. Strs Ohio’s holdings in Agilysys were worth $848,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP raised its holdings in Agilysys by 159.4% in the third quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock valued at $39,814,000 after buying an additional 369,780 shares during the period. Vanguard Group Inc. raised its stake in shares of Agilysys by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker’s stock valued at $121,617,000 after acquiring an additional 106,026 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Agilysys by 346.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 29,031 shares of the software maker’s stock valued at $1,921,000 after acquiring an additional 22,527 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Agilysys by 36.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 218,418 shares of the software maker’s stock valued at $18,526,000 after acquiring an additional 58,278 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in Agilysys by 7,338.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 18,223 shares of the software maker’s stock worth $1,206,000 after purchasing an additional 17,978 shares during the period. 88.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO William David Wood III sold 10,000 shares of Agilysys stock in a transaction on Monday, January 29th. The shares were sold at an average price of $85.45, for a total value of $854,500.00. Following the completion of the sale, the chief financial officer now owns 50,391 shares in the company, valued at $4,305,910.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Agilysys news, major shareholder Mak Capital One Llc sold 867,729 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the transaction, the insider now owns 2,060,458 shares of the company’s stock, valued at approximately $170,173,226.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO William David Wood III sold 10,000 shares of Agilysys stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $85.45, for a total value of $854,500.00. Following the completion of the transaction, the chief financial officer now owns 50,391 shares of the company’s stock, valued at approximately $4,305,910.95. The disclosure for this sale can be found here. Company insiders own 23.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AGYS shares. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Needham & Company LLC upped their price target on Agilysys from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.75.

Agilysys Price Performance

Shares of Agilysys stock opened at $83.86 on Thursday. Agilysys, Inc. has a 1-year low of $62.00 and a 1-year high of $91.61. The company has a market capitalization of $2.29 billion, a PE ratio of 26.29 and a beta of 0.66. The business has a 50-day moving average of $80.31 and a 200-day moving average of $81.78.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, January 22nd. The software maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.09. Agilysys had a return on equity of 20.54% and a net margin of 38.27%. The firm had revenue of $60.57 million during the quarter, compared to the consensus estimate of $60.07 million. During the same quarter in the prior year, the business posted $0.26 earnings per share. Agilysys’s revenue for the quarter was up 21.3% on a year-over-year basis. On average, equities analysts expect that Agilysys, Inc. will post 0.55 earnings per share for the current fiscal year.

Agilysys Company Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.