Alberta Investment Management Corp Sells 4,216 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Alberta Investment Management Corp decreased its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 20.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,313 shares of the software maker's stock after selling 4,216 shares during the quarter. Alberta Investment Management Corp owned approximately 0.06% of Agilysys worth $1,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC raised its stake in shares of Agilysys by 21.9% during the fourth quarter. LPL Financial LLC now owns 11,519 shares of the software maker's stock worth $1,517,000 after buying an additional 2,066 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Agilysys by 729.1% during the fourth quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker's stock worth $52,487,000 after purchasing an additional 350,441 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Agilysys by 39.9% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,748 shares of the software maker's stock worth $494,000 after buying an additional 1,069 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Agilysys during the 4th quarter worth about $207,000. Finally, Huntington National Bank grew its holdings in Agilysys by 319.1% during the fourth quarter. Huntington National Bank now owns 922 shares of the software maker's stock valued at $121,000 after purchasing an additional 702 shares during the period. Institutional investors own 88.00% of the company's stock.

Analyst Ratings Changes

AGYS has been the subject of several recent analyst reports. Northland Securities set a $152.00 price target on Agilysys in a report on Tuesday, May 20th. Cantor Fitzgerald initiated coverage on Agilysys in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $105.00 price target (up from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Finally, Oppenheimer boosted their price target on shares of Agilysys from $90.00 to $120.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $120.86.

Agilysys Trading Down 2.4%

AGYS stock traded down $2.79 during trading on Thursday, hitting $112.41. The company had a trading volume of 67,146 shares, compared to its average volume of 317,200. The stock has a market cap of $3.15 billion, a PE ratio of 224.81 and a beta of 0.71. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The business has a 50-day moving average of $113.41 and a 200-day moving average of $92.34. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The company had revenue of $76.68 million for the quarter, compared to analyst estimates of $74.42 million. During the same quarter last year, the firm posted $0.30 EPS. Agilysys's revenue for the quarter was up 20.7% on a year-over-year basis. Research analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Transactions at Agilysys

In other news, SVP Kyle C. Badger sold 326 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $36,965.14. Following the completion of the transaction, the senior vice president directly owned 114,791 shares of the company's stock, valued at approximately $13,016,151.49. This represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John Mutch sold 500 shares of Agilysys stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $110.83, for a total value of $55,415.00. Following the sale, the director owned 31,404 shares in the company, valued at $3,480,505.32. This represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,405 shares of company stock worth $158,033. 8.60% of the stock is owned by corporate insiders.

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.