Emerald Advisers LLC Lowers Stake in Agilysys, Inc. $AGYS

Emerald Advisers LLC decreased its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 2.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 329,981 shares of the software maker’s stock after selling 7,121 shares during the period. Agilysys accounts for approximately 1.1% of Emerald Advisers LLC’s portfolio, making the stock its 28th largest holding. Emerald Advisers LLC owned approximately 1.18% of Agilysys worth $34,730,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC raised its holdings in Agilysys by 36.9% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 6,424 shares of the software maker’s stock valued at $698,000 after acquiring an additional 1,730 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Agilysys in the third quarter valued at $52,000. Amalgamated Bank increased its stake in Agilysys by 13.5% in the third quarter. Amalgamated Bank now owns 7,263 shares of the software maker’s stock valued at $764,000 after purchasing an additional 863 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Agilysys by 11.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 5,715 shares of the software maker’s stock valued at $602,000 after purchasing an additional 571 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Agilysys by 6.0% during the third quarter. State of Alaska Department of Revenue now owns 14,170 shares of the software maker’s stock worth $1,490,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Trading Up 0.5%

NASDAQ:AGYS opened at $107.23 on Thursday. The firm’s fifty day simple moving average is $120.82 and its 200 day simple moving average is $115.53. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $145.25. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 124.69 and a beta of 0.43.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, October 27th. The software maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. Agilysys had a return on equity of 11.22% and a net margin of 8.12%.The company had revenue of $79.30 million for the quarter, compared to analyst estimates of $76.87 million. During the same period last year, the company posted $0.34 earnings per share. The firm’s revenue was up 16.1% compared to the same quarter last year. On average, analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on AGYS. BTIG Research initiated coverage on Agilysys in a report on Tuesday, December 16th. They issued a “neutral” rating for the company. Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price on shares of Agilysys in a research report on Monday, December 15th. Wall Street Zen upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, October 8th. Finally, Oppenheimer lifted their price target on shares of Agilysys from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $145.40.

Insider Transactions at Agilysys

In other Agilysys news, insider Sethuram Shivashankar sold 497 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $124.64, for a total value of $61,946.08. Following the completion of the sale, the insider owned 24,031 shares of the company’s stock, valued at $2,995,223.84. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris J. Robertson sold 500 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $131.34, for a total transaction of $65,670.00. Following the transaction, the insider directly owned 687 shares in the company, valued at approximately $90,230.58. The trade was a 42.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 15,576 shares of company stock worth $1,882,370 over the last 90 days. 8.60% of the stock is owned by corporate insiders.

Agilysys Profile

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.