Louisiana State Employees Retirement System Has $1.06 Million Stake in Agilysys, Inc. (NASDAQ:AGYS)

Louisiana State Employees Retirement System lifted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 2.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,200 shares of the software maker’s stock after acquiring an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Agilysys were worth $1,062,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AGYS. SG Americas Securities LLC acquired a new position in shares of Agilysys during the second quarter valued at about $1,847,000. Linden Thomas Advisory Services LLC acquired a new stake in shares of Agilysys in the 2nd quarter valued at about $209,000. CWM LLC increased its position in Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after buying an additional 199 shares in the last quarter. GAMMA Investing LLC raised its stake in Agilysys by 162.1% during the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after buying an additional 154 shares during the period. Finally, Castleark Management LLC boosted its holdings in Agilysys by 197.6% in the first quarter. Castleark Management LLC now owns 49,944 shares of the software maker’s stock worth $4,208,000 after acquiring an additional 33,161 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Price Performance

NASDAQ AGYS opened at $110.84 on Wednesday. The company has a fifty day moving average price of $106.22 and a 200-day moving average price of $92.71. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 35.08 and a beta of 0.82. Agilysys, Inc. has a 1 year low of $63.78 and a 1 year high of $114.12.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The business had revenue of $63.50 million during the quarter, compared to the consensus estimate of $64.52 million. During the same period in the prior year, the firm posted $0.18 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, research analysts anticipate that Agilysys, Inc. will post 0.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AGYS shares. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Agilysys in a report on Tuesday, July 23rd. Oppenheimer boosted their price target on shares of Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. BTIG Research raised their price objective on shares of Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Craig Hallum boosted their target price on shares of Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, William Blair assumed coverage on shares of Agilysys in a research report on Monday, June 24th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Agilysys presently has a consensus rating of “Moderate Buy” and an average price target of $122.00.

Insider Activity at Agilysys

In other Agilysys news, SVP Kyle C. Badger sold 249 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $102.03, for a total value of $25,405.47. Following the completion of the transaction, the senior vice president now owns 115,834 shares in the company, valued at approximately $11,818,543.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Mak Capital One Llc sold 45,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $98.48, for a total transaction of $4,431,600.00. Following the completion of the sale, the director now owns 1,253,407 shares in the company, valued at $123,435,521.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kyle C. Badger sold 249 shares of Agilysys stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $102.03, for a total transaction of $25,405.47. Following the completion of the sale, the senior vice president now directly owns 115,834 shares in the company, valued at approximately $11,818,543.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 475,379 shares of company stock valued at $44,825,729. 23.60% of the stock is owned by insiders.

Agilysys 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.