Arizona State Retirement System Reduces Stake in Agilysys, Inc. (NASDAQ:AGYS)

Arizona State Retirement System reduced its stake in Agilysys, Inc. (NASDAQ:AGYS) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,379 shares of the software maker’s stock after selling 123 shares during the quarter. Arizona State Retirement System’s holdings in Agilysys were worth $541,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. grew its holdings in Agilysys by 36.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 218,418 shares of the software maker’s stock valued at $18,526,000 after buying an additional 58,278 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Agilysys by 247.6% in the 4th quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock valued at $43,000 after buying an additional 364 shares in the last quarter. Legato Capital Management LLC grew its holdings in Agilysys by 4.8% in the 4th quarter. Legato Capital Management LLC now owns 78,265 shares of the software maker’s stock valued at $6,638,000 after buying an additional 3,600 shares in the last quarter. RiverPark Advisors LLC grew its holdings in Agilysys by 53.2% in the 4th quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock valued at $32,000 after buying an additional 133 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in Agilysys by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 18,369 shares of the software maker’s stock valued at $1,558,000 after buying an additional 146 shares in the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Stock Up 0.0 %

Shares of Agilysys stock opened at $81.78 on Friday. Agilysys, Inc. has a 52 week low of $62.00 and a 52 week high of $91.61. The business’s fifty day simple moving average is $80.66 and its 200-day simple moving average is $81.35. The firm has a market cap of $2.24 billion, a PE ratio of 25.64 and a beta of 0.66.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, January 22nd. The software maker reported $0.35 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $60.07 million. During the same quarter in the prior year, the company earned $0.26 EPS. Agilysys’s revenue was up 21.3% on a year-over-year basis. As a group, equities analysts expect that Agilysys, Inc. will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AGYS shares. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Needham & Company LLC upped their price target on Agilysys from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Agilysys has an average rating of “Moderate Buy” and an average price target of $88.75.

Insider Buying and Selling

In related news, CFO William David Wood III sold 10,000 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $85.45, for a total transaction of $854,500.00. Following the transaction, the chief financial officer now owns 50,391 shares of the company’s stock, valued at approximately $4,305,910.95. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO William David Wood III sold 10,000 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $85.45, for a total transaction of $854,500.00. Following the transaction, the chief financial officer now owns 50,391 shares of the company’s stock, valued at approximately $4,305,910.95. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Mak Capital One Llc sold 867,729 shares of the stock in a transaction dated Wednesday, February 14th. The shares were 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 directly owns 2,060,458 shares in the company, valued at approximately $170,173,226.22. The disclosure for this sale can be found here. 23.60% of the stock is owned by corporate insiders.

About Agilysys

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.