Teacher Retirement System of Texas Has $282,000 Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Teacher Retirement System of Texas reduced its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 72.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,881 shares of the software maker's stock after selling 10,265 shares during the quarter. Teacher Retirement System of Texas' holdings in Agilysys were worth $282,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AGYS. Peregrine Capital Management LLC bought a new stake in shares of Agilysys during the 1st quarter worth $7,568,000. Illinois Municipal Retirement Fund raised its position in 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 purchasing an additional 257 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Agilysys by 242.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 30,740 shares of the software maker's stock valued at $2,230,000 after purchasing an additional 21,767 shares during the last quarter. LVZ Inc. bought a new position in Agilysys in the first quarter valued at about $312,000. Finally, Riverbridge Partners LLC bought a new position in Agilysys in the first quarter valued at about $32,913,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Trading Down 3.5%

Shares of AGYS stock opened at $115.21 on Friday. The stock has a market capitalization of $3.23 billion, a PE ratio of 138.81 and a beta of 0.75. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The business has a 50-day moving average of $107.79 and a 200 day moving average of $93.43. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.07.

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, topping the consensus estimate of $0.26 by $0.28. The business had revenue of $74.27 million during the quarter, compared to analysts' expectations of $71.43 million. Agilysys had a return on equity of 11.24% and a net margin of 8.43%. The business's revenue was up 19.4% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. As a group, sell-side analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director John Mutch sold 500 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $110.83, for a total value of $55,415.00. Following the transaction, the director directly owned 31,404 shares in the company, valued at $3,480,505.32. The trade was a 1.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kyle C. Badger sold 326 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total value of $36,965.14. Following the completion of the transaction, the senior vice president owned 114,791 shares in the company, valued at $13,016,151.49. The trade was a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,405 shares of company stock worth $158,033 in the last 90 days. 19.30% of the stock is currently owned by company insiders.

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.

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