New York State Teachers Retirement System Decreases Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

New York State Teachers Retirement System lowered its position in Agilysys, Inc. (NASDAQ:AGYS) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,911 shares of the software maker’s stock after selling 4,829 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Agilysys worth $3,046,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Arizona State Retirement System raised its stake in shares of Agilysys by 2.0% in the third quarter. Arizona State Retirement System now owns 6,502 shares of the software maker’s stock valued at $430,000 after acquiring an additional 129 shares during the period. RiverPark Advisors LLC raised its stake in shares of Agilysys by 53.2% in the fourth 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 period. PNC Financial Services Group Inc. raised its stake in shares of Agilysys by 13.3% in the fourth 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 period. Tower Research Capital LLC TRC raised its stake in shares of Agilysys by 31.8% in the second quarter. Tower Research Capital LLC TRC now owns 584 shares of the software maker’s stock valued at $40,000 after acquiring an additional 141 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in shares of Agilysys by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 18,369 shares of the software maker’s stock valued at $1,558,000 after acquiring an additional 146 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Insiders Place Their Bets

In other Agilysys news, major shareholder Mak Capital One Llc sold 87,500 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $77.63, for a total transaction of $6,792,625.00. Following the transaction, the insider now directly owns 2,942,613 shares in the company, valued at approximately $228,435,047.19. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Mak Capital One Llc sold 87,500 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $77.63, for a total value of $6,792,625.00. Following the sale, the insider now directly owns 2,942,613 shares in the company, valued at approximately $228,435,047.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William David Wood III sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $85.45, for a total transaction of $854,500.00. Following the completion of the sale, the chief financial officer now owns 50,391 shares in the company, valued at $4,305,910.95. The disclosure for this sale can be found here. Insiders have sold a total of 965,229 shares of company stock worth $79,312,863 in the last three months. Corporate insiders own 23.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AGYS shares. Needham & Company LLC upped their price target on shares of Agilysys from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.75.

Agilysys Price Performance

Shares of Agilysys stock opened at $82.80 on Tuesday. Agilysys, Inc. has a 1 year low of $62.00 and a 1 year high of $91.61. The firm’s 50-day moving average is $81.11 and its two-hundred day moving average is $81.12. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 25.96 and a beta of 0.66.

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

Agilysys Company 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.