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Agilysys, Inc. (NASDAQ:AGYS) Position Raised by New York State Common Retirement Fund

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New York State Common Retirement Fund raised its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 36.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 371,428 shares of the software maker's stock after acquiring an additional 99,577 shares during the quarter. New York State Common Retirement Fund owned 1.33% of Agilysys worth $26,943,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Natixis Advisors LLC grew its position in Agilysys by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock valued at $1,398,000 after acquiring an additional 208 shares in the last quarter. Harbor Investment Advisory LLC grew its position in Agilysys by 64.6% in the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock valued at $44,000 after acquiring an additional 239 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of Agilysys by 8.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 3,309 shares of the software maker's stock worth $240,000 after acquiring an additional 244 shares during the last quarter. State of Tennessee Department of Treasury increased its position in shares of Agilysys by 2.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker's stock worth $1,225,000 after acquiring an additional 246 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in shares of Agilysys by 2.1% during the first quarter. Illinois Municipal Retirement Fund now owns 12,251 shares of the software maker's stock worth $889,000 after acquiring an additional 257 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AGYS shares. 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. Cantor Fitzgerald started coverage on shares of Agilysys in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price target for the company. Northland Securities set a $152.00 price target on shares of Agilysys in a research note on Tuesday, May 20th. Finally, Needham & Company LLC reissued a "buy" rating and set a $105.00 price objective (up from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $116.57.

View Our Latest Stock Analysis on Agilysys

Agilysys Stock Performance

AGYS stock traded down $3.71 during mid-day trading on Friday, reaching $115.68. The company had a trading volume of 38,300 shares, compared to its average volume of 270,519. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3.24 billion, a P/E ratio of 139.40 and a beta of 0.75. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The stock's 50-day simple moving average is $107.10 and its two-hundred day simple moving average is $93.81.

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

Insider Buying and Selling

In other news, insider Chris J. Robertson sold 258 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $29,254.62. Following the transaction, the insider directly owned 21,137 shares of the company's stock, valued at approximately $2,396,724.43. This trade represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William David Wood III sold 321 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total value of $36,398.19. Following the transaction, the chief financial officer directly owned 47,288 shares in the company, valued at $5,361,986.32. This trade represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,405 shares of company stock valued at $158,033. 19.30% of the stock is owned by corporate insiders.

Agilysys Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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