Mutual of America Capital Management LLC Has $3.16 Million Stock Holdings 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 raised its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 1,184.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,506 shares of the software maker's stock after buying an additional 40,118 shares during the quarter. Mutual of America Capital Management LLC owned about 0.16% of Agilysys worth $3,156,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Mpwm Advisory Solutions LLC purchased a new position in Agilysys during the fourth quarter valued at $64,000. Harbor Investment Advisory LLC boosted its stake in shares of Agilysys by 64.6% in the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after acquiring an additional 239 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Agilysys in the fourth quarter worth about $145,000. Cloud Capital Management LLC purchased a new stake in shares of Agilysys in the first quarter worth about $86,000. Finally, Graham Capital Management L.P. purchased a new stake in Agilysys during the fourth quarter valued at approximately $206,000. 88.00% of the stock is currently owned by institutional investors.

Agilysys Price Performance

AGYS traded down $2.60 during trading on Thursday, hitting $108.32. The company's stock had a trading volume of 32,154 shares, compared to its average volume of 313,554. The company has a current ratio of 1.11, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. The business's fifty day simple moving average is $113.41 and its 200 day simple moving average is $92.38. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 216.54 and a beta of 0.71. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $142.64.

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 (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $76.68 million during the quarter, compared to analysts' expectations of $74.42 million. Agilysys had a net margin of 4.85% and a return on equity of 11.13%. Agilysys's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 EPS. On average, equities research analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Cantor Fitzgerald began coverage on Agilysys in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price objective on the stock. Needham & Company LLC restated a "buy" rating and issued a $105.00 price objective (up from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Northland Securities set a $152.00 price objective on Agilysys in a research note on Tuesday, May 20th. Finally, Oppenheimer raised their price objective on Agilysys from $90.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Agilysys presently has a consensus rating of "Moderate Buy" and an average price target of $120.86.

Insider Buying and Selling

In other news, CFO William David Wood III sold 321 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $36,398.19. Following the completion of the transaction, the chief financial officer directly owned 47,288 shares of the company's stock, valued at approximately $5,361,986.32. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kyle C. Badger sold 326 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $36,965.14. Following the completion of the sale, the senior vice president owned 114,791 shares of the company's stock, valued at $13,016,151.49. This trade represents a 0.28% decrease in their ownership of the stock. 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. 8.60% of the stock is currently 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.