New York State Teachers Retirement System Reduces Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

New York State Teachers Retirement System reduced its stake in Agilysys, Inc. (NASDAQ:AGYS) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,911 shares of the software maker’s stock after selling 4,829 shares during the period. New York State Teachers Retirement System’s holdings in Agilysys were worth $3,046,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AGYS. Wellington Management Group LLP grew its position in shares of Agilysys by 159.4% during the third quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock worth $39,814,000 after acquiring an additional 369,780 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Agilysys by 6.1% during the third quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker’s stock worth $121,617,000 after acquiring an additional 106,026 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Agilysys by 346.4% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 29,031 shares of the software maker’s stock worth $1,921,000 after acquiring an additional 22,527 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Agilysys by 36.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 218,418 shares of the software maker’s stock worth $18,526,000 after acquiring an additional 58,278 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of Agilysys by 7,338.0% during the third quarter. Exchange Traded Concepts LLC now owns 18,223 shares of the software maker’s stock worth $1,206,000 after acquiring an additional 17,978 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Agilysys

In other Agilysys news, major shareholder Mak Capital One Llc sold 867,729 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $82.59, for a total value of $71,665,738.11. Following the completion of the sale, the insider now owns 2,060,458 shares of the company’s stock, valued at $170,173,226.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Agilysys news, major shareholder Mak Capital One Llc sold 867,729 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $82.59, for a total value of $71,665,738.11. Following the completion of the sale, the insider now owns 2,060,458 shares of the company’s stock, valued at $170,173,226.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO William David Wood III sold 10,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $85.45, for a total value of $854,500.00. Following the completion of the transaction, the chief financial officer now owns 50,391 shares of the company’s stock, valued at approximately $4,305,910.95. The disclosure for this sale can be found here. Over the last quarter, insiders sold 965,229 shares of company stock valued at $79,312,863. 23.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AGYS shares. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Needham & Company LLC raised their target price on shares of Agilysys from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.75.

Agilysys Price Performance

Shares of NASDAQ AGYS opened at $82.80 on Tuesday. The stock has a fifty day moving average price of $81.11 and a 200 day moving average price of $81.12. Agilysys, Inc. has a 1-year low of $62.00 and a 1-year high of $91.61. The company has a market cap of $2.27 billion, a PE ratio of 25.96 and a beta of 0.66.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, January 22nd. The software maker reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.09. Agilysys had a return on equity of 20.54% and a net margin of 38.27%. The firm had revenue of $60.57 million during the quarter, compared to the consensus estimate of $60.07 million. During the same period last year, the company earned $0.26 earnings per share. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. Analysts anticipate that Agilysys, Inc. will post 0.55 earnings per share for the current fiscal year.

Agilysys Company 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.