Algert Global LLC Sells 9,812 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Algert Global LLC reduced its stake in Agilysys, Inc. (NASDAQ:AGYS) by 15.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,096 shares of the software maker’s stock after selling 9,812 shares during the period. Algert Global LLC owned approximately 0.19% of Agilysys worth $5,425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after acquiring an additional 154 shares during the last quarter. CWM LLC grew its stake in shares of Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after buying an additional 199 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Agilysys in the 2nd quarter worth $32,000. YHB Investment Advisors Inc. purchased a new position in shares of Agilysys in the 1st quarter worth $35,000. Finally, RiverPark Advisors LLC grew its stake in shares of Agilysys by 361.1% in the 1st quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock worth $149,000 after buying an additional 1,383 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Agilysys

In other news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00. Following the completion of the sale, the chief executive officer now owns 778,367 shares in the company, valued at approximately $85,441,345.59. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00. Following the completion of the sale, the chief executive officer now owns 778,367 shares in the company, valued at approximately $85,441,345.59. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chris J. Robertson sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the completion of the sale, the insider now owns 22,888 shares of the company’s stock, valued at approximately $2,490,901.04. The disclosure for this sale can be found here. Insiders sold a total of 35,000 shares of company stock valued at $3,734,810 in the last three months. Company insiders own 23.60% of the company’s stock.

Agilysys Trading Down 1.7 %

AGYS stock opened at $107.97 on Monday. Agilysys, Inc. has a 12 month low of $63.78 and a 12 month high of $114.70. The company has a 50-day moving average price of $107.42 and a 200 day moving average price of $96.76. The stock has a market cap of $2.96 billion, a PE ratio of 34.17 and a beta of 0.83.

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

Analyst Ratings Changes

A number of equities analysts have commented on AGYS shares. William Blair started coverage on shares of Agilysys in a research note on Monday, June 24th. They issued an “outperform” rating for the company. Craig Hallum lifted their price objective on shares of Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Northland Securities lifted their price objective on shares of Agilysys from $118.00 to $132.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Agilysys in a research note on Monday, September 16th. Finally, StockNews.com raised shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Friday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $124.00.

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.