Natixis Advisors LLC Has $734,000 Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Natixis Advisors LLC cut its stake in Agilysys, Inc. (NASDAQ:AGYS) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,118 shares of the software maker’s stock after selling 494 shares during the quarter. Natixis Advisors LLC’s holdings in Agilysys were worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Harbor Investment Advisory LLC grew its stake in Agilysys by 64.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker’s stock valued at $44,000 after buying an additional 239 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Agilysys in the 4th quarter valued at $64,000. Cloud Capital Management LLC acquired a new position in Agilysys in the 1st quarter valued at $86,000. Canada Pension Plan Investment Board acquired a new position in Agilysys in the 4th quarter valued at $145,000. Finally, Graham Capital Management L.P. acquired a new position in Agilysys in the 4th quarter valued at $206,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AGYS has been the topic of a number of research analyst reports. Northland Securities set a $152.00 target price on shares of Agilysys in a research note on Tuesday, May 20th. Needham & Company LLC restated a “buy” rating and issued a $105.00 price target (up from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Oppenheimer raised their price target on shares of Agilysys from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 22nd. Finally, Cantor Fitzgerald started coverage on shares of Agilysys in a research report on Tuesday, June 3rd. They issued an “overweight” rating and a $125.00 price target on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Agilysys has an average rating of “Moderate Buy” and an average price target of $120.86.

Agilysys Trading Down 8.0%

Shares of NASDAQ AGYS opened at $103.75 on Monday. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The company has a market cap of $2.91 billion, a PE ratio of 207.50 and a beta of 0.71. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $113.50 and a two-hundred day moving average of $92.04.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Agilysys had a return on equity of 11.13% and a net margin of 4.85%. The company had revenue of $76.68 million during the quarter, compared to the consensus estimate of $74.42 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The company’s revenue was up 20.7% on a year-over-year basis. As a group, equities analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Activity at Agilysys

In related news, insider Chris J. Robertson sold 258 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $29,254.62. Following the completion of the sale, the insider directly owned 21,137 shares of the company’s stock, valued at $2,396,724.43. The trade was a 1.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John Mutch sold 500 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $110.83, for a total transaction of $55,415.00. Following the sale, the director directly owned 31,404 shares of the company’s stock, valued at approximately $3,480,505.32. This trade represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,405 shares of company stock valued at $158,033. Insiders own 8.60% of the company’s stock.

About Agilysys

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.