Louisiana State Employees Retirement System Acquires 600 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Louisiana State Employees Retirement System boosted its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 5.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,800 shares of the software maker’s stock after buying an additional 600 shares during the period. Louisiana State Employees Retirement System’s holdings in Agilysys were worth $1,177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Agilysys by 12.3% in the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after purchasing an additional 217,008 shares during the period. Fred Alger Management LLC boosted its holdings in Agilysys by 1.9% during the second quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock worth $97,689,000 after buying an additional 17,898 shares during the last quarter. Lord Abbett & CO. LLC grew its position in shares of Agilysys by 13.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after buying an additional 87,549 shares during the period. Geneva Capital Management LLC increased its stake in shares of Agilysys by 10.6% in the 1st quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock valued at $57,805,000 after acquiring an additional 65,672 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Agilysys by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 403,153 shares of the software maker’s stock valued at $33,970,000 after acquiring an additional 20,703 shares during the period. 88.00% of the stock is owned by institutional investors.

Insider Buying and Selling at Agilysys

In other news, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the completion of the transaction, the chief executive officer now directly owns 738,367 shares of the company’s stock, valued at $75,335,585.01. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Chris J. Robertson sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the sale, the insider now owns 22,888 shares in the company, valued at approximately $2,490,901.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $102.03, for a total value of $1,020,300.00. Following the transaction, the chief executive officer now directly owns 738,367 shares of the company’s stock, valued at $75,335,585.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,000 shares of company stock worth $3,734,810. Corporate insiders own 19.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AGYS shares. BTIG Research boosted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Agilysys in a report on Tuesday, October 29th. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday. Craig Hallum lifted their target price on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Oppenheimer increased their price target on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.80.

Agilysys Trading Up 2.3 %

Shares of NASDAQ:AGYS opened at $102.39 on Friday. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 29.17 and a beta of 0.85. Agilysys, Inc. has a 12 month low of $73.52 and a 12 month high of $125.73. The company’s fifty day simple moving average is $108.50 and its 200 day simple moving average is $101.95. The company has a quick ratio of 2.34, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. As a group, research analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Agilysys Company 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.