Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its stake in Agilysys, Inc. (NASDAQ:AGYS) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,718 shares of the software maker’s stock after buying an additional 862 shares during the quarter. State of Alaska Department of Revenue’s holdings in Agilysys were worth $1,385,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AGYS. GAMMA Investing LLC lifted its holdings in Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after acquiring an additional 154 shares during the period. CWM LLC lifted its stake in shares of 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 purchasing an additional 199 shares during the period. Larson Financial Group LLC purchased a new stake in Agilysys during the second quarter worth $32,000. NBC Securities Inc. purchased a new position in Agilysys in the third quarter valued at $46,000. Finally, Exchange Traded Concepts LLC increased its holdings in Agilysys by 76.2% in the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after buying an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

AGYS has been the topic of a number of analyst reports. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday. Craig Hallum raised their price objective on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. BTIG Research upped their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Northland Securities reissued an “outperform” rating and issued a $145.00 price target (up previously from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Agilysys in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $127.80.

Agilysys Trading Up 2.3 %

Shares of AGYS opened at $102.39 on Monday. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $125.73. The stock has a market cap of $2.86 billion, a PE ratio of 29.17 and a beta of 0.85. The firm’s fifty day moving average is $108.50 and its two-hundred day moving average is $102.08. 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 announced its quarterly earnings data 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. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. During the same quarter in the prior year, the company earned $0.25 EPS. Agilysys’s revenue was up 16.6% compared to the same quarter last year. Research analysts forecast that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Activity at Agilysys

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the transaction, the chief executive officer now owns 778,367 shares of the company’s stock, valued at approximately $85,441,345.59. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00. Following the transaction, the chief executive officer now directly owns 778,367 shares in the company, valued at $85,441,345.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Mutch sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total transaction of $113,690.00. Following the sale, the director now owns 36,326 shares of the company’s stock, valued at $4,129,902.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,000 shares of company stock valued at $3,734,810. 19.30% of the stock is currently owned by insiders.

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.