State of New Jersey Common Pension Fund D Makes New Investment in Agilysys, Inc. $AGYS

State of New Jersey Common Pension Fund D purchased a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,341 shares of the software maker’s stock, valued at approximately $2,103,000. State of New Jersey Common Pension Fund D owned about 0.07% of Agilysys at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Agilysys by 43.2% during the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock worth $35,000 after acquiring an additional 92 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Agilysys by 1.1% in the second quarter. Yousif Capital Management LLC now owns 8,407 shares of the software maker’s stock valued at $964,000 after buying an additional 94 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in shares of Agilysys by 1.8% in the second quarter. KLP Kapitalforvaltning AS now owns 5,700 shares of the software maker’s stock valued at $653,000 after buying an additional 100 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of Agilysys by 0.3% in the second quarter. New York State Teachers Retirement System now owns 32,140 shares of the software maker’s stock valued at $3,685,000 after buying an additional 100 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew 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 buying an additional 141 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Stock Down 5.4%

Shares of NASDAQ AGYS opened at $133.43 on Thursday. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $145.25. The business has a 50 day moving average price of $109.68 and a two-hundred day moving average price of $104.30. The firm has a market cap of $3.74 billion, a PE ratio of 155.15 and a beta of 0.61.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Wednesday, June 5th. The software maker reported $0.21 earnings per share for the quarter. Agilysys had a return on equity of 11.22% and a net margin of 8.12%.The firm had revenue of $36.34 million during the quarter. On average, analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Buying and Selling

In other Agilysys news, CFO William David Wood III sold 6,000 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $115.55, for a total transaction of $693,300.00. Following the transaction, the chief financial officer owned 41,288 shares of the company’s stock, valued at $4,770,828.40. This trade represents a 12.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AGYS has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $140.00 target price on shares of Agilysys in a research note on Tuesday. Needham & Company LLC increased their target price on Agilysys from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday. Zacks Research upgraded Agilysys from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, October 8th. Finally, UBS Group set a $155.00 price objective on Agilysys in a research note on Tuesday. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Agilysys has an average rating of “Moderate Buy” and a consensus target price of $138.67.

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.