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

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Agilysys by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 2,209,274 shares of the software maker's stock worth $290,983,000 after buying an additional 58,926 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in Agilysys by 10.3% during the 4th quarter. Lord Abbett & CO. LLC now owns 1,167,685 shares of the software maker's stock worth $153,796,000 after buying an additional 108,827 shares in the last quarter. FMR LLC increased its stake in Agilysys by 58.3% during the 4th quarter. FMR LLC now owns 800,521 shares of the software maker's stock worth $105,437,000 after buying an additional 294,831 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in Agilysys by 105.2% during the 1st quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker's stock worth $53,030,000 after buying an additional 374,800 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Agilysys by 412.9% during the 4th quarter. Invesco Ltd. now owns 727,794 shares of the software maker's stock worth $95,858,000 after purchasing an additional 585,886 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on AGYS shares. Cantor Fitzgerald started coverage on Agilysys in a report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 target price on the stock. Oppenheimer upped their price objective on Agilysys from $90.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday. Needham & Company LLC reiterated a "buy" rating and issued a $105.00 price objective (up from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Finally, Northland Securities set a $152.00 price objective on Agilysys in a research report 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 stock presently has an average rating of "Moderate Buy" and an average target price of $120.86.

Agilysys Stock Performance

Shares of AGYS traded up $1.22 during midday trading on Wednesday, reaching $112.63. 315,958 shares of the stock were exchanged, compared to its average volume of 272,671. The business's 50-day moving average price is $109.59 and its 200 day moving average price is $93.32. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.07. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $142.64. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 225.26 and a beta of 0.75.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $74.42 million. During the same period in the prior year, the business earned $0.30 EPS. The business's quarterly revenue was up 20.7% compared to the same quarter last year. On average, sell-side analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Insider Transactions at Agilysys

In related news, CFO William David Wood III sold 321 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 transaction of $36,398.19. Following the completion of the transaction, the chief financial officer directly owned 47,288 shares in the company, valued at $5,361,986.32. The trade was a 0.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kyle C. Badger sold 326 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 $36,965.14. Following the completion of the transaction, 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. Insiders sold 1,405 shares of company stock worth $158,033 over the last quarter. Insiders own 19.30% of the company's stock.

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.