Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its stake in Agilysys, Inc. (NASDAQ:AGYS) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 578,488 shares of the software maker’s stock after selling 84,029 shares during the period. Dimensional Fund Advisors LP owned approximately 2.11% of Agilysys worth $60,243,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AGYS. GAMMA Investing LLC lifted its stake in shares of Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after purchasing an additional 154 shares during the period. CWM LLC raised its position in Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after acquiring an additional 199 shares during the last quarter. Larson Financial Group LLC acquired a new position in Agilysys during the second quarter worth about $32,000. YHB Investment Advisors Inc. acquired a new position in Agilysys during the first quarter worth about $35,000. Finally, RiverPark Advisors LLC raised its position in Agilysys by 361.1% during the first quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock worth $149,000 after acquiring an additional 1,383 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Price Performance

Shares of NASDAQ AGYS opened at $107.97 on Friday. The company has a market cap of $3.01 billion, a PE ratio of 34.17 and a beta of 0.83. Agilysys, Inc. has a 12 month low of $63.78 and a 12 month high of $114.70. The company has a 50-day simple moving average of $107.42 and a 200-day simple moving average of $96.61.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The firm had revenue of $63.50 million during the quarter, compared to the consensus estimate of $64.52 million. During the same period in the previous year, the firm earned $0.18 earnings per share. Agilysys’s revenue was up 13.2% compared to the same quarter last year. On average, analysts anticipate that Agilysys, Inc. will post 0.62 EPS for the current year.

Insider Activity at Agilysys

In related news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $102.03, for a total value of $1,020,300.00. Following the completion of the sale, the chief executive officer now directly owns 738,367 shares in the company, valued at $75,335,585.01. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the completion of the sale, the chief executive officer now directly owns 738,367 shares in the company, valued at $75,335,585.01. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Mutch sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total transaction of $113,690.00. Following the sale, the director now owns 36,326 shares of the company’s stock, valued at $4,129,902.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,543 shares of company stock worth $3,790,212. 23.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. William Blair assumed coverage on shares of Agilysys in a research report on Monday, June 24th. They set an “outperform” rating for the company. BTIG Research lifted their target price on shares of Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Oppenheimer lifted their target price on shares of Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Agilysys in a research report on Monday, September 16th. Finally, StockNews.com upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a report on Friday. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Agilysys currently has a consensus rating of “Buy” and an average price target of $124.00.

About Agilysys

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.