Mutual of America Capital Management LLC Has $3.16 Million Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Key Points

• Mutual of America Capital Management LLC significantly increased its holdings in Agilysys, growing its stake by 1,184.1% to approximately $3.16 million.
• Agilysys received positive analyst attention, with Oppenheimer increasing the target price from $90.00 to $120.00, and several ratings indicating a "Moderate Buy."
• The company reported earnings of $0.33 per share, missing analyst estimates, but had a 20.7% year-over-year revenue increase to $76.68 million.

Mutual of America Capital Management LLC lifted its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 1,184.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,506 shares of the software maker's stock after buying an additional 40,118 shares during the period. Mutual of America Capital Management LLC owned about 0.16% of Agilysys worth $3,156,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AGYS. Harbor Investment Advisory LLC boosted its holdings in Agilysys by 64.6% during the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock valued at $44,000 after purchasing an additional 239 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in Agilysys by 8.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 3,309 shares of the software maker's stock valued at $240,000 after purchasing an additional 244 shares in the last quarter. State of Tennessee Department of Treasury boosted its holdings in 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 valued at $1,225,000 after purchasing an additional 246 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of Agilysys by 2.1% in the first quarter. Illinois Municipal Retirement Fund now owns 12,251 shares of the software maker's stock valued at $889,000 after acquiring an additional 257 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Agilysys by 14.9% in the fourth quarter. Bank of Montreal Can now owns 3,309 shares of the software maker's stock valued at $436,000 after acquiring an additional 430 shares during the last quarter. Institutional investors own 88.00% of the company's stock.

Insider Buying and Selling at Agilysys

In other Agilysys news, SVP Kyle C. Badger sold 326 shares of the company's stock in a transaction on 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 sale, the senior vice president owned 114,791 shares in the company, valued at approximately $13,016,151.49. The trade was a 0.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Chris J. Robertson sold 258 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $29,254.62. Following the sale, the insider owned 21,137 shares of the company's stock, valued at $2,396,724.43. The trade was a 1.21% decrease in their position. 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 currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AGYS shares. Oppenheimer lifted their target price on shares of Agilysys from $90.00 to $120.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $105.00 target price (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. 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 target price for the company. Finally, Northland Securities set a $152.00 target price on shares of Agilysys in a research note on Tuesday, May 20th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $120.86.

Agilysys Trading Up 2.7%

AGYS stock traded up $2.85 during trading on Tuesday, hitting $108.36. The company had a trading volume of 173,055 shares, compared to its average volume of 316,353. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $113.39 and a 200-day moving average price of $92.25. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 216.72 and a beta of 0.71.

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

Agilysys 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.