BNP Paribas Financial Markets Trims Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

BNP Paribas Financial Markets cut its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 74.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,188 shares of the software maker's stock after selling 35,712 shares during the quarter. BNP Paribas Financial Markets' holdings in Agilysys were worth $1,605,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. raised its position in shares of Agilysys by 18.9% in the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock valued at $149,000 after buying an additional 180 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after acquiring an additional 193 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Agilysys by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock valued at $1,398,000 after purchasing an additional 208 shares during the last quarter. State of Tennessee Department of Treasury boosted its stake in shares of Agilysys by 2.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker's stock valued at $1,225,000 after purchasing an additional 246 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of Agilysys by 2.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 11,994 shares of the software maker's stock valued at $1,580,000 after purchasing an additional 328 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Agilysys

In other news, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the transaction, the director now owns 32,654 shares in the company, valued at $2,542,766.98. This trade represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 19.30% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AGYS shares. UBS Group set a $100.00 price objective on shares of Agilysys in a research note on Wednesday, March 5th. Northland Securities set a $152.00 target price on shares of Agilysys in a research note on Tuesday. Oppenheimer cut their target price on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Needham & Company LLC reissued a "buy" rating and set a $105.00 target price (up from $100.00) on shares of Agilysys in a research note on Tuesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $115.17.

Agilysys Stock Down 1.1%

Shares of Agilysys stock traded down $1.08 during trading hours on Friday, reaching $101.61. The company's stock had a trading volume of 299,965 shares, compared to its average volume of 268,366. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The company has a market capitalization of $2.84 billion, a P/E ratio of 127.01 and a beta of 0.58. The stock's fifty day simple moving average is $76.47 and its two-hundred day simple moving average is $98.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The software maker reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.28. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm had revenue of $74.27 million for the quarter, compared to analyst estimates of $71.43 million. During the same period last year, the firm earned $0.32 earnings per share. The business's quarterly revenue was up 19.4% compared to the same quarter last year. On average, research analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current year.

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.