New York State Teachers Retirement System Has $3.58 Million Stake in Agilysys, Inc. (NASDAQ:AGYS)

New York State Teachers Retirement System reduced its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 6.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 32,851 shares of the software maker’s stock after selling 2,360 shares during the quarter. New York State Teachers Retirement System’s holdings in Agilysys were worth $3,580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AGYS. State of Alaska Department of Revenue grew its holdings in shares of Agilysys by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,718 shares of the software maker’s stock valued at $1,385,000 after acquiring an additional 862 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Agilysys by 5.9% in the third quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the software maker’s stock valued at $1,177,000 after purchasing an additional 600 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Agilysys by 19.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 199,207 shares of the software maker’s stock worth $21,708,000 after purchasing an additional 33,066 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Agilysys during the 3rd quarter worth approximately $8,312,000. Finally, Blue Trust Inc. boosted its holdings in shares of Agilysys by 1,838.8% in the 3rd quarter. Blue Trust Inc. now owns 950 shares of the software maker’s stock valued at $99,000 after buying an additional 901 shares during the last quarter. 88.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AGYS has been the topic of several analyst reports. Oppenheimer upped their price target on shares of Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Agilysys in a research note on Tuesday, October 29th. BTIG Research lifted their price target on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Craig Hallum upped their price objective on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Agilysys presently has an average rating of “Moderate Buy” and an average price target of $127.80.

Agilysys Stock Up 11.1 %

Shares of AGYS opened at $115.73 on Thursday. The firm’s 50-day simple moving average is $108.30 and its 200 day simple moving average is $102.48. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The firm has a market cap of $3.23 billion, a P/E ratio of 32.97 and a beta of 0.85. Agilysys, Inc. has a 52 week low of $73.52 and a 52 week high of $125.73.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The company 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 firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share. On average, analysts forecast that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Insider Buying and Selling at Agilysys

In other news, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys 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 completion of the sale, the chief executive officer now owns 778,367 shares of the company’s stock, valued at approximately $85,441,345.59. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director John Mutch sold 1,000 shares of Agilysys stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total value of $113,690.00. Following the completion of the sale, the director now directly owns 36,326 shares in the company, valued at approximately $4,129,902.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 778,367 shares of the company’s stock, valued at approximately $85,441,345.59. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,323 shares of company stock valued at $3,868,248 in the last ninety days. 19.30% of the stock is currently owned by corporate insiders.

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.