Nisa Investment Advisors LLC Cuts Stake in Agilysys, Inc. (NASDAQ:AGYS)

Nisa Investment Advisors LLC cut its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 67.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,745 shares of the software maker's stock after selling 3,604 shares during the period. Nisa Investment Advisors LLC's holdings in Agilysys were worth $127,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Harbor Investment Advisory LLC grew its stake in shares of Agilysys by 64.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock valued at $44,000 after buying an additional 239 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Agilysys during the 4th quarter worth approximately $64,000. Cloud Capital Management LLC acquired a new position in shares of Agilysys during the 1st quarter worth $86,000. Huntington National Bank boosted its holdings in Agilysys by 319.1% in the fourth quarter. Huntington National Bank now owns 922 shares of the software maker's stock valued at $121,000 after acquiring an additional 702 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Agilysys in the fourth quarter valued at approximately $145,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Needham & Company LLC restated a "buy" rating and set a $105.00 price target (up previously from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Cantor Fitzgerald assumed coverage on shares of Agilysys in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price target on the stock. Northland Securities set a $152.00 price objective on shares of Agilysys in a report on Tuesday, May 20th. Finally, Oppenheimer decreased their price target on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.57.

Insider Buying and Selling

In other Agilysys news, insider Chris J. Robertson sold 258 shares of Agilysys 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 $29,254.62. Following the sale, the insider owned 21,137 shares of the company's stock, valued at approximately $2,396,724.43. The trade was a 1.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William David Wood III sold 321 shares of the business'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 completion of the transaction, the chief financial officer owned 47,288 shares of the company's stock, 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. In the last ninety days, insiders have sold 1,405 shares of company stock valued at $158,033. 19.30% of the stock is currently owned by company insiders.

Agilysys Trading Up 1.5%

Shares of AGYS stock traded up $1.73 during trading hours on Monday, reaching $116.94. The company's stock had a trading volume of 387,539 shares, compared to its average volume of 271,486. The firm's fifty day simple moving average is $107.79 and its 200 day simple moving average is $93.18. The stock has a market capitalization of $3.28 billion, a P/E ratio of 140.89 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 company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The software maker reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.20). Agilysys had a net margin of 8.43% and a return on equity of 11.24%. Equities research analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.

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.