Truist Financial Corp Sells 2,959 Shares of Agilysys, Inc. $AGYS

Truist Financial Corp lowered its position in Agilysys, Inc. (NASDAQ:AGYS) by 22.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,065 shares of the software maker’s stock after selling 2,959 shares during the period. Truist Financial Corp’s holdings in Agilysys were worth $1,154,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Agilysys by 43.2% in the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after acquiring an additional 92 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Agilysys by 30.1% in the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after acquiring an additional 159 shares during the last quarter. AlphaQuest LLC raised its stake in shares of Agilysys by 2,026.0% in the first quarter. AlphaQuest LLC now owns 1,063 shares of the software maker’s stock valued at $77,000 after acquiring an additional 1,013 shares during the last quarter. Cloud Capital Management LLC bought a new position in shares of Agilysys in the first quarter valued at approximately $86,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Agilysys by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker’s stock valued at $102,000 after acquiring an additional 141 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AGYS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, October 8th. Oppenheimer boosted their price objective on shares of Agilysys from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 9th. Finally, Zacks Research upgraded shares of Agilysys from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.57.

Agilysys Stock Performance

Shares of Agilysys stock opened at $109.49 on Monday. The firm has a fifty day moving average of $107.86 and a two-hundred day moving average of $100.13. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 218.98 and a beta of 0.61. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $142.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.11.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. The company had revenue of $36.34 million during the quarter. Agilysys had a net margin of 4.85% and a return on equity of 11.13%. As a group, equities research analysts predict that Agilysys, Inc. will post 0.8 EPS for the current year.

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.