Agilysys, Inc. $AGYS Shares Sold by Citigroup Inc.

Citigroup Inc. decreased its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 31.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,761 shares of the software maker’s stock after selling 14,939 shares during the period. Citigroup Inc. owned about 0.12% of Agilysys worth $3,448,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AGYS. Advisors Asset Management Inc. grew its stake in shares of Agilysys by 30.1% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Agilysys by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker’s stock worth $972,000 after acquiring an additional 569 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Agilysys by 125.0% in the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after purchasing an additional 184,402 shares during the last quarter. Jane Street Group LLC increased its holdings in Agilysys by 1,025.2% during the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock worth $2,738,000 after purchasing an additional 34,395 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Agilysys by 4.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 4,035 shares of the software maker’s stock valued at $463,000 after purchasing an additional 154 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AGYS shares. Zacks Research raised shares of Agilysys from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Needham & Company LLC decreased their price objective on shares of Agilysys from $140.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. BTIG Research initiated coverage on shares of Agilysys in a research note on Tuesday, December 16th. They issued a “neutral” rating on the stock. Wall Street Zen cut shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $141.40.

Insider Transactions at Agilysys

In related news, Director Melvin L. Keating acquired 300 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was purchased at an average cost of $83.62 per share, for a total transaction of $25,086.00. Following the purchase, the director directly owned 35,007 shares in the company, valued at $2,927,285.34. This represents a 0.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 8.60% of the stock is owned by corporate insiders.

Agilysys Stock Performance

NASDAQ AGYS opened at $79.75 on Friday. Agilysys, Inc. has a one year low of $63.71 and a one year high of $145.25. The company has a 50-day simple moving average of $96.18 and a 200-day simple moving average of $109.12. The firm has a market capitalization of $2.24 billion, a PE ratio of 74.53 and a beta of 0.36.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, January 26th. The software maker reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The business had revenue of $80.39 million during the quarter, compared to the consensus estimate of $79.07 million. During the same period in the prior year, the business earned $0.38 EPS. The business’s revenue was up 15.6% on a year-over-year basis. Equities analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current year.

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.