CoreCap Advisors LLC Sells 783 Shares of Agilysys, Inc. (NASDAQ:AGYS)

CoreCap Advisors LLC lessened its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 21.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,873 shares of the software maker’s stock after selling 783 shares during the period. CoreCap Advisors LLC’s holdings in Agilysys were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in AGYS. RiverPark Advisors LLC lifted its holdings in shares of Agilysys by 53.2% in the 4th quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock valued at $32,000 after acquiring an additional 133 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Agilysys by 370.9% in the 1st quarter. Captrust Financial Advisors now owns 890 shares of the software maker’s stock valued at $35,000 after acquiring an additional 701 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Agilysys by 751.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 443 shares of the software maker’s stock valued at $37,000 after acquiring an additional 391 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Agilysys in the 4th quarter valued at about $80,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Agilysys by 13.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,185 shares of the software maker’s stock valued at $94,000 after acquiring an additional 139 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AGYS. Needham & Company LLC increased their price target on shares of Agilysys from $92.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Saturday, March 23rd. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Agilysys currently has an average rating of “Moderate Buy” and an average target price of $88.75.

Agilysys Price Performance

Shares of NASDAQ AGYS opened at $82.45 on Thursday. The company has a market cap of $2.26 billion, a P/E ratio of 25.85 and a beta of 0.65. Agilysys, Inc. has a 1 year low of $62.00 and a 1 year high of $91.61. The firm has a 50-day simple moving average of $81.48 and a two-hundred day simple moving average of $79.58.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, January 22nd. The software maker reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.09. The business had revenue of $60.57 million for the quarter, compared to analyst estimates of $60.07 million. Agilysys had a net margin of 38.27% and a return on equity of 20.54%. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period last year, the company posted $0.26 earnings per share. As a group, equities research analysts expect that Agilysys, Inc. will post 0.55 EPS for the current year.

Insider Transactions at Agilysys

In other news, major shareholder Mak Capital One Llc sold 13,356 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $75.08, for a total transaction of $1,002,768.48. Following the transaction, the insider now directly owns 3,063,071 shares of the company’s stock, valued at $229,975,370.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Mak Capital One Llc sold 13,356 shares of Agilysys stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $75.08, for a total transaction of $1,002,768.48. Following the transaction, the insider now directly owns 3,063,071 shares of the company’s stock, valued at $229,975,370.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO William David Wood III sold 10,000 shares of Agilysys stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $85.45, for a total transaction of $854,500.00. Following the transaction, the chief financial officer now directly owns 50,391 shares in the company, valued at $4,305,910.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,129,669 shares of company stock valued at $91,964,394. 23.60% of the stock is currently owned by company insiders.

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.