Teachers Retirement System of The State of Kentucky Raises Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Teachers Retirement System of The State of Kentucky lifted its stake in Agilysys, Inc. (NASDAQ:AGYS) by 5.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,987 shares of the software maker’s stock after acquiring an additional 1,155 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Agilysys were worth $2,396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AGYS. US Bancorp DE increased its stake in Agilysys by 11.2% during the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after purchasing an additional 122 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after buying an additional 166 shares during the last quarter. RiverPark Advisors LLC increased its position in shares of Agilysys by 9.6% in the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock valued at $202,000 after acquiring an additional 170 shares during the period. Advisors Asset Management Inc. raised its stake in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares during the last quarter. Finally, CWM LLC lifted its position in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after acquiring an additional 199 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on AGYS. BTIG Research increased their price target on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Oppenheimer raised their target price on shares of Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Northland Securities reiterated an “outperform” rating and set a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Finally, Needham & Company LLC upped their target price on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $137.80.

Insiders Place Their Bets

In related news, Director John Mutch sold 500 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $137.86, for a total value of $68,930.00. Following the completion of the sale, the director now owns 34,654 shares of the company’s stock, valued at approximately $4,777,400.44. This represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Kyle C. Badger sold 471 shares of Agilysys stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $47,505.06. Following the transaction, the senior vice president now directly owns 115,117 shares in the company, valued at $11,610,700.62. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,122 shares of company stock valued at $1,231,391 in the last ninety days. 19.30% of the stock is currently owned by corporate insiders.

Agilysys Stock Down 2.3 %

AGYS stock opened at $132.93 on Monday. Agilysys, Inc. has a 52 week low of $73.52 and a 52 week high of $139.99. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The firm has a 50-day simple moving average of $120.96 and a 200-day simple moving average of $109.99. The stock has a market capitalization of $3.72 billion, a P/E ratio of 37.87 and a beta of 0.93.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The company had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. Agilysys’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 EPS. Equities analysts forecast that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Agilysys Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.