Agilysys, Inc. (NASDAQ:AGYS) Stock Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 0.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,864 shares of the software maker’s stock after selling 938 shares during the period. Bank of New York Mellon Corp owned approximately 0.52% of Agilysys worth $10,508,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new stake in shares of Agilysys in the 4th quarter worth $253,000. Natixis Advisors LLC raised its stake in shares of Agilysys by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker’s stock worth $1,398,000 after buying an additional 208 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of Agilysys in the 4th quarter worth $278,000. Xponance Inc. acquired a new position in shares of Agilysys in the 4th quarter worth $224,000. Finally, American Century Companies Inc. grew its holdings in shares of Agilysys by 4.6% in the 4th quarter. American Century Companies Inc. now owns 451,812 shares of the software maker’s stock worth $59,508,000 after acquiring an additional 19,994 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Trading Up 1.5%

Shares of AGYS opened at $116.94 on Tuesday. 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 12-month low of $63.71 and a 12-month high of $142.64. The firm has a market capitalization of $3.28 billion, a PE ratio of 140.89 and a beta of 0.75. The stock’s fifty day simple moving average is $107.79 and its 200-day simple moving average is $93.18.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $76.68 million during the quarter, compared to the consensus estimate of $74.42 million. Agilysys had a return on equity of 11.24% and a net margin of 8.43%. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. As a group, research analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, insider Chris J. Robertson sold 258 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $29,254.62. Following the completion of the sale, the insider owned 21,137 shares in the company, valued at $2,396,724.43. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO William David Wood III sold 321 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $36,398.19. Following the sale, the chief financial officer owned 47,288 shares of the company’s stock, valued at approximately $5,361,986.32. This represents a 0.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,405 shares of company stock worth $158,033 in the last three months. 19.30% of the stock is owned by corporate insiders.

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.