Jane Street Group LLC Lowers Stake in Agilysys, Inc. (NASDAQ:AGYS)

Jane Street Group LLC cut its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 29.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and 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 owned 0.08% of Agilysys worth $2,314,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AGYS. Larson Financial Group LLC acquired a new position in Agilysys during the second quarter worth approximately $32,000. Advisors Asset Management Inc. raised its holdings in shares of Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock valued at $37,000 after buying an additional 182 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Agilysys by 66.7% in the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock valued at $45,000 after buying an additional 166 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Agilysys during the third quarter worth about $46,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker's stock worth $52,000 after buying an additional 205 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on AGYS. BTIG Research upped their price target on Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. StockNews.com cut shares of Agilysys from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Oppenheimer boosted their price target on shares of Agilysys from $135.00 to $150.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Northland Securities restated an "outperform" rating and issued a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Finally, Needham & Company LLC boosted their target price on Agilysys from $125.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Agilysys presently has an average rating of "Moderate Buy" and an average price target of $137.80.

Insider Buying and Selling at Agilysys

In other Agilysys news, Director John Mutch sold 500 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $137.86, for a total value of $68,930.00. Following the sale, the director now directly owns 34,654 shares of the company's stock, valued at approximately $4,777,400.44. This trade represents a 1.42 % 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 729 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $134.01, for a total transaction of $97,693.29. Following the transaction, the insider now directly owns 21,895 shares of the company's stock, valued at approximately $2,934,148.95. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,122 shares of company stock worth $1,231,391. Corporate insiders own 19.30% of the company's stock.

Agilysys Price Performance

NASDAQ:AGYS traded down $2.20 during mid-day trading on Monday, hitting $136.47. 196,836 shares of the company's stock traded hands, compared to its average volume of 217,970. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $142.64. The company has a market cap of $3.81 billion, a PE ratio of 38.88 and a beta of 0.93. 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's 50 day simple moving average is $123.95 and its 200 day simple moving average is $111.88.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. During the same quarter in the prior year, the company earned $0.25 EPS. Agilysys's revenue was up 16.6% on a year-over-year basis. Sell-side analysts expect that Agilysys, Inc. will post 0.81 EPS 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.