Nisa Investment Advisors LLC Sells 3,604 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Nisa Investment Advisors LLC trimmed its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 67.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,745 shares of the software maker’s stock after selling 3,604 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Agilysys were worth $127,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of AGYS. Two Sigma Advisers LP grew its stake in shares of Agilysys by 11.6% in the fourth quarter. Two Sigma Advisers LP now owns 4,800 shares of the software maker’s stock valued at $632,000 after buying an additional 500 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Agilysys by 22.9% during the 1st quarter. Fifth Third Bancorp now owns 6,008 shares of the software maker’s stock valued at $436,000 after purchasing an additional 1,118 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Agilysys by 366.5% during the 1st quarter. SG Americas Securities LLC now owns 19,555 shares of the software maker’s stock valued at $1,419,000 after purchasing an additional 15,363 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Agilysys by 81.6% during the 4th quarter. Nuveen Asset Management LLC now owns 107,306 shares of the software maker’s stock valued at $14,133,000 after purchasing an additional 48,213 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Agilysys by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 2,209,274 shares of the software maker’s stock worth $290,983,000 after buying an additional 58,926 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and issued a $105.00 target price (up previously from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Northland Securities set a $152.00 price objective on Agilysys in a research note on Tuesday, May 20th. Cantor Fitzgerald assumed coverage on Agilysys in a research note on Tuesday, June 3rd. They issued an “overweight” rating and a $125.00 price target on the stock. Finally, Oppenheimer dropped their price target on Agilysys from $135.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $116.57.

Insider Activity at Agilysys

In other Agilysys news, insider Chris J. Robertson sold 258 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total value of $29,254.62. Following the transaction, the insider owned 21,137 shares in the company, valued at $2,396,724.43. The trade was a 1.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kyle C. Badger sold 326 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $36,965.14. Following the sale, the senior vice president directly owned 114,791 shares of the company’s stock, valued at approximately $13,016,151.49. This represents a 0.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,405 shares of company stock valued at $158,033 over the last quarter. 19.30% of the stock is currently owned by corporate insiders.

Agilysys Price Performance

NASDAQ:AGYS opened at $119.39 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $142.64. The stock has a market capitalization of $3.35 billion, a PE ratio of 143.84 and a beta of 0.75. The stock’s 50-day moving average price is $107.10 and its 200-day moving average price is $93.81.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, May 19th. The software maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.28. Agilysys had a return on equity of 11.24% and a net margin of 8.43%. The business had revenue of $74.27 million during the quarter, compared to the consensus estimate of $71.43 million. During the same period in the previous year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. As a group, equities analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

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.