Amalgamated Bank Has $708,000 Position in Agilysys, Inc. (NASDAQ:AGYS)

Amalgamated Bank raised its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,496 shares of the software maker’s stock after purchasing an additional 325 shares during the quarter. Amalgamated Bank’s holdings in Agilysys were worth $708,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Agilysys by 12.3% during 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 raised its stake in Agilysys by 1.9% during the 2nd quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock valued at $97,689,000 after purchasing an additional 17,898 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Agilysys by 5.4% during 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 in the last quarter. Conestoga Capital Advisors LLC grew its holdings in shares of Agilysys by 79.4% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 285,071 shares of the software maker’s stock valued at $31,064,000 after acquiring an additional 126,193 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Agilysys by 1,861.4% during the 2nd quarter. American Century Companies Inc. now owns 221,109 shares of the software maker’s stock valued at $23,026,000 after acquiring an additional 209,836 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Chris J. Robertson sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the sale, the insider now directly owns 22,888 shares of the company’s stock, valued at $2,490,901.04. This represents a 14.88 % 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. Also, Director Melvin L. Keating sold 3,280 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $122.84, for a total transaction of $402,915.20. Following the sale, the director now directly owns 34,407 shares in the company, valued at $4,226,555.88. This trade represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,023 shares of company stock valued at $4,548,979 over the last quarter. Corporate insiders own 19.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AGYS shares. Oppenheimer boosted their price target on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday. Needham & Company LLC upped their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Craig Hallum upped their price target on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Northland Securities restated an “outperform” rating and set a $145.00 price target (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.80.

Agilysys Stock Up 0.3 %

Shares of AGYS opened at $121.19 on Friday. The company has a 50-day simple moving average of $109.68 and a 200-day simple moving average of $103.93. The firm has a market capitalization of $3.39 billion, a P/E ratio of 34.53 and a beta of 0.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. Agilysys, Inc. has a 52 week low of $73.52 and a 52 week high of $128.61.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, equities research analysts expect that Agilysys, Inc. will post 0.81 earnings per share for the current year.

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.