Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. lessened its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 234,039 shares of the software maker's stock after selling 44,317 shares during the quarter. Thornburg Investment Management Inc. owned approximately 0.86% of Agilysys worth $19,812,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Semanteon Capital Management LP bought a new position in shares of Agilysys in the fourth quarter valued at approximately $1,195,000. Wellington Management Group LLP grew its holdings in Agilysys by 159.4% during the third quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker's stock worth $39,814,000 after acquiring an additional 369,780 shares during the period. Vanguard Group Inc. raised its position in Agilysys by 6.1% in the third quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker's stock worth $121,617,000 after acquiring an additional 106,026 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Agilysys by 346.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 29,031 shares of the software maker's stock valued at $1,921,000 after purchasing an additional 22,527 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Agilysys by 36.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 218,418 shares of the software maker's stock worth $18,526,000 after purchasing an additional 58,278 shares during the last quarter. Institutional investors own 88.00% of the company's stock.

Agilysys Stock Up 14.9 %

Shares of Agilysys stock traded up $11.95 during midday trading on Tuesday, hitting $92.16. The company's stock had a trading volume of 484,995 shares, compared to its average volume of 200,820. Agilysys, Inc. has a 1-year low of $62.00 and a 1-year high of $92.35. The firm has a market capitalization of $2.52 billion, a P/E ratio of 28.89 and a beta of 0.68. The stock has a 50-day simple moving average of $81.14 and a 200-day simple moving average of $82.95.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data on Monday, May 13th. The software maker reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.04. The firm had revenue of $62.22 million during the quarter, compared to analyst estimates of $61.95 million. Agilysys had a return on equity of 20.54% and a net margin of 38.27%. The business's quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. As a group, sell-side analysts predict that Agilysys, Inc. will post 0.55 earnings per share for the current year.

Insider Buying and Selling at Agilysys

In other news, major shareholder Mak Capital One Llc sold 867,729 shares of the business's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the transaction, the insider now directly owns 2,060,458 shares in the company, valued at approximately $170,173,226.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 23.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AGYS. StockNews.com upgraded shares of Agilysys from a "hold" rating to a "buy" rating in a research report on Tuesday, May 7th. Oppenheimer boosted their target price on Agilysys from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $100.00 price target on shares of Agilysys in a research report on Tuesday. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $92.50.

About Agilysys

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.

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