State of New Jersey Common Pension Fund D Makes New $2.10 Million Investment in Agilysys, Inc. $AGYS

State of New Jersey Common Pension Fund D bought a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 18,341 shares of the software maker’s stock, valued at approximately $2,103,000.

A number of other large investors also recently bought and sold shares of AGYS. Illinois Municipal Retirement Fund lifted its holdings in Agilysys by 2.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 12,251 shares of the software maker’s stock worth $889,000 after buying an additional 257 shares during the last quarter. Cloud Capital Management LLC bought a new stake in shares of Agilysys in the 1st quarter worth approximately $86,000. Envestnet Asset Management Inc. lifted its holdings in shares of Agilysys by 32.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 140,646 shares of the software maker’s stock worth $10,202,000 after purchasing an additional 34,660 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of Agilysys by 8.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 3,309 shares of the software maker’s stock worth $240,000 after purchasing an additional 244 shares during the last quarter. Finally, Banque Pictet & Cie SA bought a new stake in shares of Agilysys in the 1st quarter worth approximately $292,000. Institutional investors own 88.00% of the company’s stock.

Insider Activity at Agilysys

In other news, CFO William David Wood III sold 6,000 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $115.55, for a total value of $693,300.00. Following the sale, the chief financial officer owned 41,288 shares of the company’s stock, valued at approximately $4,770,828.40. The trade was a 12.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.60% of the company’s stock.

Agilysys Stock Performance

AGYS opened at $133.43 on Thursday. Agilysys, Inc. has a one year low of $63.71 and a one year high of $145.25. The stock’s fifty day moving average is $109.68 and its 200-day moving average is $104.30. The company has a market capitalization of $3.74 billion, a PE ratio of 155.15 and a beta of 0.61.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. Agilysys had a return on equity of 11.22% and a net margin of 8.12%.The company had revenue of $36.34 million for the quarter. On average, equities research analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AGYS shares. Zacks Research raised Agilysys from a “strong sell” rating to a “hold” rating in a report on Monday, September 22nd. Needham & Company LLC raised their price target on Agilysys from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday. UBS Group set a $155.00 price target on Agilysys in a report on Tuesday. Oppenheimer reaffirmed an “outperform” rating on shares of Agilysys in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.67.

Agilysys Company 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.