Axiom Investors LLC DE Sells 18,915 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Axiom Investors LLC DE lessened its stake in Agilysys, Inc. (NASDAQ:AGYS) by 45.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,540 shares of the software maker’s stock after selling 18,915 shares during the period. Axiom Investors LLC DE’s holdings in Agilysys were worth $1,547,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Agilysys by 22.6% during the first quarter. JPMorgan Chase & Co. now owns 15,435 shares of the software maker’s stock valued at $616,000 after purchasing an additional 2,847 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Agilysys by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 219,525 shares of the software maker’s stock valued at $8,754,000 after purchasing an additional 4,356 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Agilysys by 2.6% during the 1st quarter. Citigroup Inc. now owns 18,889 shares of the software maker’s stock valued at $753,000 after buying an additional 487 shares in the last quarter. MetLife Investment Management LLC lifted its position in Agilysys by 51.2% in the 1st quarter. MetLife Investment Management LLC now owns 11,027 shares of the software maker’s stock worth $440,000 after buying an additional 3,732 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Agilysys by 6.4% in the first quarter. Rhumbline Advisers now owns 51,494 shares of the software maker’s stock worth $2,054,000 after buying an additional 3,116 shares in the last quarter. Institutional investors own 97.65% of the company’s stock.

Agilysys Stock Up 0.4 %

Shares of AGYS stock opened at $89.59 on Tuesday. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of 190.62 and a beta of 0.87. The stock has a fifty day moving average of $74.93 and a 200 day moving average of $72.25. Agilysys, Inc. has a 52 week low of $60.59 and a 52 week high of $91.61.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, October 23rd. The software maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.19 by $0.06. Agilysys had a net margin of 6.46% and a return on equity of 23.72%. The business had revenue of $58.62 million during the quarter, compared to analyst estimates of $56.80 million. During the same period in the prior year, the business earned $0.24 EPS. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. Equities research analysts anticipate that Agilysys, Inc. will post 0.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

AGYS has been the topic of a number of analyst reports. StockNews.com upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research report on Tuesday, October 24th. TheStreet upgraded Agilysys from a “c” rating to a “b-” rating in a report on Tuesday, October 24th. Needham & Company LLC reiterated a “buy” rating and issued a $92.00 price objective on shares of Agilysys in a research report on Tuesday, October 24th. Oppenheimer cut their target price on shares of Agilysys from $105.00 to $85.00 and set an “outperform” rating on the stock in a report on Tuesday, July 25th. Finally, Northland Securities lowered their price target on shares of Agilysys from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Tuesday, July 25th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $88.40.

Insider Buying and Selling

In other Agilysys news, insider Chris J. Robertson sold 15,526 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $86.05, for a total transaction of $1,336,012.30. Following the completion of the transaction, the insider now owns 25,673 shares of the company’s stock, valued at $2,209,161.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Agilysys news, Director Donald A. Colvin sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $90.72, for a total value of $453,600.00. Following the sale, the director now owns 29,624 shares in the company, valued at $2,687,489.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chris J. Robertson sold 15,526 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $86.05, for a total transaction of $1,336,012.30. Following the transaction, the insider now directly owns 25,673 shares of the company’s stock, valued at approximately $2,209,161.65. The disclosure for this sale can be found here. Insiders have sold a total of 21,012 shares of company stock valued at $1,831,544 over the last ninety days. Company insiders own 23.60% of the company’s stock.

Agilysys Profile

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, activity scheduling, reservations management, and related solutions to enhance guest experience.