Agilysys, Inc. $AGYS Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 27.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,340 shares of the software maker’s stock after selling 45,183 shares during the quarter. Thrivent Financial for Lutherans owned about 0.43% of Agilysys worth $12,771,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AGYS. William Blair Investment Management LLC bought a new position in shares of Agilysys during the second quarter worth about $58,993,000. Goldman Sachs Group Inc. boosted its stake in Agilysys by 125.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after purchasing an additional 184,402 shares during the period. American Century Companies Inc. grew its position in Agilysys by 38.7% in the 2nd quarter. American Century Companies Inc. now owns 627,660 shares of the software maker’s stock worth $71,955,000 after purchasing an additional 175,137 shares during the last quarter. Invesco Ltd. increased its stake in shares of Agilysys by 28.1% in the second quarter. Invesco Ltd. now owns 545,386 shares of the software maker’s stock valued at $62,523,000 after purchasing an additional 119,736 shares during the period. Finally, Next Century Growth Investors LLC bought a new stake in shares of Agilysys during the second quarter valued at approximately $12,362,000. 88.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AGYS has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a report on Wednesday, January 21st. Needham & Company LLC reissued a “buy” rating and issued a $140.00 price target on shares of Agilysys in a research note on Tuesday, January 27th. Zacks Research cut shares of Agilysys from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 28th. Oppenheimer upped their price objective on shares of Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Finally, Wall Street Zen cut shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $145.40.

Agilysys Stock Up 3.6%

Shares of Agilysys stock opened at $86.88 on Thursday. The business has a fifty day simple moving average of $114.79 and a 200-day simple moving average of $114.03. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $145.25. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 81.20 and a beta of 0.41.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, January 26th. The software maker reported $0.42 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.04). Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The business had revenue of $80.39 million during the quarter, compared to the consensus estimate of $79.07 million. During the same quarter last year, the firm posted $0.38 earnings per share. Agilysys’s revenue was up 15.6% compared to the same quarter last year. Analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Chris J. Robertson sold 500 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $131.34, for a total transaction of $65,670.00. Following the completion of the sale, the insider directly owned 687 shares of the company’s stock, valued at $90,230.58. This represents a 42.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Melvin L. Keating purchased 300 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was bought at an average price of $83.62 per share, with a total value of $25,086.00. Following the transaction, the director directly owned 35,007 shares in the company, valued at $2,927,285.34. This trade represents a 0.86% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 8.60% of the company’s stock.

Agilysys Profile

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.