Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 50.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,600 shares of the software maker's stock after selling 130,452 shares during the period. Renaissance Technologies LLC owned about 0.46% of Agilysys worth $16,938,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its holdings in Agilysys by 18.9% during the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock valued at $149,000 after acquiring an additional 180 shares during the period. Harbor Investment Advisory LLC grew its holdings in shares of Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock valued at $49,000 after purchasing an additional 193 shares in the last quarter. Natixis Advisors LLC increased its stake in Agilysys by 2.0% during the 4th quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock worth $1,398,000 after buying an additional 208 shares during the period. Albert D Mason Inc. lifted its holdings in Agilysys by 2.3% during the 4th quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker's stock worth $1,554,000 after buying an additional 267 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in Agilysys by 2.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 11,994 shares of the software maker's stock valued at $1,580,000 after buying an additional 328 shares during the period. 88.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Agilysys

In other news, Director John Mutch sold 750 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the completion of the sale, the director now directly owns 31,904 shares of the company's stock, valued at approximately $2,403,328.32. This represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total value of $725,100.00. Following the transaction, the director now directly owns 233,076 shares in the company, valued at approximately $22,533,787.68. This represents a 3.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,750 shares of company stock worth $1,878,513. 19.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AGYS. Needham & Company LLC cut their price objective on Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. UBS Group set a $100.00 price target on Agilysys in a research report on Wednesday, March 5th. Craig Hallum lowered their price objective on Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Northland Securities upped their target price on shares of Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. 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 note on Wednesday, April 9th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $120.00.

Agilysys Stock Up 1.2 %

AGYS stock traded up $0.81 during midday trading on Friday, reaching $69.45. 139,188 shares of the company were exchanged, compared to its average volume of 259,729. The stock's 50-day simple moving average is $75.64 and its 200 day simple moving average is $103.96. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 86.81 and a beta of 0.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Agilysys's revenue for the quarter was up 14.9% on a year-over-year basis. On average, equities analysts forecast that Agilysys, Inc. will post 0.8 earnings per share 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.