Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 29.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,234 shares of the software maker’s stock after selling 8,670 shares during the period. Jane Street Group LLC’s holdings in Agilysys were worth $2,314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. US Bancorp DE raised its holdings in shares of Agilysys by 11.2% during the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after acquiring an additional 122 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after purchasing an additional 166 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after purchasing an additional 182 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Agilysys by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker’s stock valued at $1,062,000 after purchasing an additional 200 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after purchasing an additional 205 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AGYS has been the subject of a number of recent research reports. Needham & Company LLC increased their target price on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, November 15th. BTIG Research raised their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Northland Securities restated an “outperform” rating and issued a $145.00 price target (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Oppenheimer upped their target price on Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.80.

Agilysys Trading Up 2.8 %

Shares of Agilysys stock opened at $138.67 on Monday. The stock has a 50 day moving average of $123.56 and a 200 day moving average of $111.57. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 39.51 and a beta of 0.93. Agilysys, Inc. has a fifty-two week low of $73.52 and a fifty-two week high of $142.64.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company’s revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. As a group, research analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Insider Buying and Selling at Agilysys

In related news, Director Melvin L. Keating sold 3,280 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $122.84, for a total transaction of $402,915.20. Following the sale, the director now directly owns 34,407 shares of the company’s stock, valued at $4,226,555.88. This represents a 8.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris J. Robertson sold 264 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the completion of the transaction, the insider now directly owns 22,624 shares of the company’s stock, valued at $2,281,856.64. This represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,122 shares of company stock worth $1,231,391 over the last three months. Insiders own 19.30% of the company’s stock.

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.