Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in Agilysys, Inc. (NASDAQ:AGYSFree Report) by 19.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,233 shares of the software maker’s stock after selling 301 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Agilysys were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. RiverPark Advisors LLC increased its stake in shares of Agilysys by 53.2% in the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock valued at $32,000 after purchasing an additional 133 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Agilysys by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 18,369 shares of the software maker’s stock valued at $1,558,000 after acquiring an additional 146 shares during the period. Illinois Municipal Retirement Fund increased its stake in shares of Agilysys by 2.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 11,791 shares of the software maker’s stock valued at $1,000,000 after acquiring an additional 306 shares during the period. Pacer Advisors Inc. increased its stake in shares of Agilysys by 247.6% during the fourth quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock valued at $43,000 after acquiring an additional 364 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Agilysys by 7.0% during the fourth quarter. Russell Investments Group Ltd. now owns 13,620 shares of the software maker’s stock valued at $1,155,000 after acquiring an additional 894 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Analyst Ratings Changes

AGYS has been the topic of a number of research analyst reports. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC raised their price objective on shares of Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Oppenheimer raised their target price on shares of Agilysys from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, William Blair initiated coverage on shares of Agilysys in a report on Monday, June 24th. They set an “outperform” rating for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Agilysys currently has an average rating of “Moderate Buy” and an average target price of $103.33.

Read Our Latest Analysis on Agilysys

Insider Buying and Selling

In related news, SVP Kyle C. Badger sold 8,948 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $99.15, for a total value of $887,194.20. Following the completion of the transaction, the senior vice president now owns 166,943 shares of the company’s stock, valued at approximately $16,552,398.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Agilysys news, SVP Kyle C. Badger sold 8,948 shares of Agilysys stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $99.15, for a total transaction of $887,194.20. Following the completion of the sale, the senior vice president now owns 166,943 shares of the company’s stock, valued at approximately $16,552,398.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mak Capital One Llc sold 39,955 shares of Agilysys stock in a transaction on Friday, May 24th. The shares were sold at an average price of $103.34, for a total transaction of $4,128,949.70. Following the sale, the director now directly owns 2,020,503 shares of the company’s stock, valued at approximately $208,798,780.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 700,935 shares of company stock valued at $67,375,071. Company insiders own 23.60% of the company’s stock.

Agilysys Stock Performance

Shares of NASDAQ:AGYS opened at $102.96 on Friday. The company has a 50 day moving average price of $94.25 and a 200 day moving average price of $86.06. Agilysys, Inc. has a 1-year low of $63.78 and a 1-year high of $105.00. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 32.58 and a beta of 0.82.

Agilysys (NASDAQ:AGYSGet Free Report) last posted its quarterly earnings data on Monday, May 13th. The software maker reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. The firm had revenue of $62.22 million during the quarter, compared to analyst estimates of $61.95 million. During the same quarter last year, the business posted $0.26 EPS. The company’s revenue was up 17.6% on a year-over-year basis. On average, sell-side analysts expect that Agilysys, Inc. will post 0.69 EPS for the current fiscal year.

About Agilysys

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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