Texas Permanent School Fund Increases Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Texas Permanent School Fund boosted its stake in Agilysys, Inc. (NASDAQ:AGYSGet Rating) by 2.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,120 shares of the software maker’s stock after purchasing an additional 278 shares during the quarter. Texas Permanent School Fund owned about 0.06% of Agilysys worth $667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. New York State Common Retirement Fund raised its stake in Agilysys by 5.9% in the first quarter. New York State Common Retirement Fund now owns 127,318 shares of the software maker’s stock valued at $5,077,000 after purchasing an additional 7,089 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Agilysys by 8.8% in the second quarter. State of Alaska Department of Revenue now owns 14,779 shares of the software maker’s stock valued at $698,000 after purchasing an additional 1,200 shares in the last quarter. Thornburg Investment Management Inc. raised its stake in Agilysys by 17.1% in the second quarter. Thornburg Investment Management Inc. now owns 240,264 shares of the software maker’s stock valued at $11,357,000 after purchasing an additional 35,035 shares in the last quarter. Victory Capital Management Inc. bought a new position in Agilysys during the second quarter valued at approximately $233,000. Finally, Swiss National Bank grew its position in Agilysys by 7.6% during the first quarter. Swiss National Bank now owns 55,300 shares of the software maker’s stock valued at $2,205,000 after acquiring an additional 3,900 shares during the last quarter. 98.55% of the stock is owned by hedge funds and other institutional investors.

Agilysys Stock Down 1.1 %

Shares of AGYS stock opened at $65.17 on Tuesday. The stock has a fifty day moving average of $56.75 and a 200 day moving average of $49.64. Agilysys, Inc. has a 52 week low of $31.49 and a 52 week high of $69.14. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 203.66 and a beta of 1.02.

Agilysys (NASDAQ:AGYSGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The software maker reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Agilysys had a return on equity of 24.56% and a net margin of 5.59%. The company had revenue of $47.74 million during the quarter, compared to analyst estimates of $46.02 million. During the same quarter last year, the firm posted $0.18 earnings per share. The firm’s revenue was up 26.0% on a year-over-year basis. Equities research analysts anticipate that Agilysys, Inc. will post 0.73 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Craig Hallum upgraded shares of Agilysys from a “hold” rating to a “buy” rating and increased their price target for the company from $50.00 to $65.00 in a research report on Wednesday, October 26th. Northland Securities raised their target price on shares of Agilysys from $61.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, September 16th. Finally, StockNews.com started coverage on shares of Agilysys in a report on Wednesday, October 12th. They issued a “buy” rating on the stock.

Insider Buying and Selling

In other Agilysys news, SVP Prabuddha Biswas sold 1,000 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $64.52, for a total transaction of $64,520.00. Following the completion of the transaction, the senior vice president now owns 73,965 shares of the company’s stock, valued at $4,772,221.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 22.60% of the stock is currently owned by insiders.

Agilysys Profile

(Get Rating)

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, reservations management, and seat solutions to enhance guest experience.

Further Reading

Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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