Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 2.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,404 shares of the software maker’s stock after selling 268 shares during the period. Natixis Advisors LLC’s holdings in Agilysys were worth $1,134,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Agilysys by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after purchasing an additional 217,008 shares during the period. SG Americas Securities LLC acquired a new position in Agilysys during the second quarter worth $1,847,000. Price T Rowe Associates Inc. MD raised its position in Agilysys by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 403,153 shares of the software maker’s stock worth $33,970,000 after acquiring an additional 20,703 shares in the last quarter. Seven Eight Capital LP acquired a new stake in Agilysys in the second quarter valued at $580,000. Finally, William Blair Investment Management LLC acquired a new stake in Agilysys in the second quarter valued at $21,039,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insider Activity

In other news, insider Chris J. Robertson sold 264 shares of Agilysys stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the completion of the sale, the insider now directly owns 22,624 shares in the company, valued at $2,281,856.64. The trade was a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Mutch sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total transaction of $113,690.00. Following the transaction, the director now directly owns 36,326 shares in the company, valued at $4,129,902.94. The trade was a 2.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,523 shares of company stock worth $4,182,589 over the last three months. 19.30% of the stock is currently owned by corporate insiders.

Agilysys Stock Performance

Shares of AGYS opened at $137.72 on Wednesday. The company has a 50-day moving average of $114.09 and a two-hundred day moving average of $106.96. The stock has a market cap of $3.85 billion, a P/E ratio of 39.24 and a beta of 0.85. Agilysys, Inc. has a 12-month low of $73.52 and a 12-month high of $139.99. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $68.30 million during 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 company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 EPS. As a group, research analysts predict that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer increased their target price on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Needham & Company LLC lifted their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Northland Securities restated an “outperform” rating and issued a $145.00 price target (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Finally, BTIG Research lifted their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and an average price target of $134.80.

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.