Illinois Municipal Retirement Fund Boosts Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Illinois Municipal Retirement Fund increased its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,251 shares of the software maker’s stock after buying an additional 257 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Agilysys were worth $889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AGYS. Invesco Ltd. boosted its holdings in shares of Agilysys by 412.9% in the fourth quarter. Invesco Ltd. now owns 727,794 shares of the software maker’s stock worth $95,858,000 after buying an additional 585,886 shares during the last quarter. Franklin Resources Inc. raised its stake in Agilysys by 521.7% during the 4th quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker’s stock worth $80,347,000 after acquiring an additional 511,900 shares during the period. Riverbridge Partners LLC purchased a new position in Agilysys during the first quarter valued at approximately $32,913,000. Conestoga Capital Advisors LLC lifted its holdings in Agilysys by 105.2% during the first quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker’s stock valued at $53,030,000 after purchasing an additional 374,800 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Agilysys by 729.1% during the fourth quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker’s stock valued at $52,487,000 after purchasing an additional 350,441 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

AGYS has been the topic of several analyst reports. Cantor Fitzgerald initiated coverage on shares of Agilysys in a report on Tuesday, June 3rd. They set an “overweight” rating and a $125.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $105.00 price target (up previously from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Northland Securities set a $152.00 price target on shares of Agilysys in a report on Tuesday, May 20th. UBS Group set a $100.00 price target on shares of Agilysys in a report on Wednesday, March 5th. Finally, Oppenheimer lowered their price target on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Agilysys presently has an average rating of “Moderate Buy” and an average target price of $116.57.

Agilysys Price Performance

AGYS stock opened at $112.07 on Thursday. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The company’s fifty day moving average price is $98.36 and its 200-day moving average price is $95.43. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.11. The company has a market capitalization of $3.14 billion, a PE ratio of 135.02 and a beta of 0.75.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, May 19th. The software maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.26 by $0.28. Agilysys had a net margin of 8.43% and a return on equity of 11.24%. The firm had revenue of $74.27 million for the quarter, compared to the consensus estimate of $71.43 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. On average, equities analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Insider Activity at Agilysys

In related news, Director John Mutch sold 500 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $110.83, for a total transaction of $55,415.00. Following the sale, the director owned 31,404 shares of the company’s stock, valued at $3,480,505.32. This represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 19.30% of the company’s stock.

Agilysys 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.