New York State Common Retirement Fund Has $26.94 Million Holdings in Agilysys, Inc. (NASDAQ:AGYS)

New York State Common Retirement Fund boosted its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 36.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 371,428 shares of the software maker's stock after purchasing an additional 99,577 shares during the quarter. New York State Common Retirement Fund owned about 1.33% of Agilysys worth $26,943,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AGYS. Charles Schwab Investment Management Inc. lifted its position in Agilysys by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 204,665 shares of the software maker's stock worth $26,956,000 after purchasing an additional 5,659 shares during the period. Atria Investments Inc acquired a new stake in shares of Agilysys in the fourth quarter valued at $315,000. Amundi boosted its stake in Agilysys by 126.5% during the fourth quarter. Amundi now owns 12,799 shares of the software maker's stock valued at $1,722,000 after buying an additional 7,147 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Agilysys by 77.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,125 shares of the software maker's stock worth $938,000 after acquiring an additional 3,113 shares during the period. Finally, HighTower Advisors LLC bought a new stake in Agilysys in the fourth quarter worth about $253,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director John Mutch sold 500 shares of Agilysys stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $110.83, for a total transaction of $55,415.00. Following the transaction, the director directly owned 31,404 shares of the company's stock, valued at $3,480,505.32. This trade represents a 1.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chris J. Robertson sold 258 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $29,254.62. Following the sale, the insider directly owned 21,137 shares in the company, valued at approximately $2,396,724.43. This represents a 1.21% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,405 shares of company stock worth $158,033. Corporate insiders own 19.30% of the company's stock.

Agilysys Price Performance

Agilysys stock traded down $4.18 on Friday, reaching $115.21. The company's stock had a trading volume of 288,439 shares, compared to its average volume of 271,178. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $142.64. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 138.81 and a beta of 0.75. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.11. The business's fifty day moving average price is $107.79 and its 200 day moving average price is $93.69.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The software maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.28. The firm had revenue of $74.27 million for the quarter, compared to the consensus estimate of $71.43 million. Agilysys had a return on equity of 11.24% and a net margin of 8.43%. The business's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. Equities analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Oppenheimer dropped their target price on Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $105.00 price objective (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Northland Securities set a $152.00 target price on shares of Agilysys in a research report on Tuesday, May 20th. Finally, Cantor Fitzgerald initiated coverage on Agilysys in a report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 target price on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Agilysys has an average rating of "Moderate Buy" and an average price target of $116.57.

About Agilysys

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.