New York State Common Retirement Fund Has $29.85 Million Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

New York State Common Retirement Fund reduced its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 16.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 273,895 shares of the software maker's stock after selling 53,194 shares during the period. New York State Common Retirement Fund owned 0.98% of Agilysys worth $29,846,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew 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 worth $26,000 after acquiring an additional 154 shares during the last quarter. CWM LLC grew its position in Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker's stock worth $26,000 after purchasing an additional 199 shares during the last quarter. Larson Financial Group LLC acquired a new position in shares of Agilysys during the second quarter valued at about $32,000. NBC Securities Inc. bought a new stake in shares of Agilysys in the third quarter valued at about $46,000. Finally, Exchange Traded Concepts LLC grew its position in 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 in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Stock Up 0.5 %

AGYS traded up $0.56 during trading hours on Monday, hitting $102.95. 249,769 shares of the company's stock were exchanged, compared to its average volume of 215,814. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 29.17 and a beta of 0.85. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $125.73. The stock's 50-day moving average is $108.50 and its two-hundred day moving average is $102.08. The company has a quick ratio of 2.34, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

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

Analyst Ratings Changes

AGYS has been the subject of a number of research reports. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price objective on shares of Agilysys in a research report on Tuesday, October 29th. Northland Securities reiterated an "outperform" rating and issued a $145.00 price objective (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. BTIG Research upped their price objective 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. Oppenheimer lifted their price objective on Agilysys from $100.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, July 19th. Finally, Craig Hallum lifted their price target on Agilysys from $105.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $127.80.

Insider Transactions at Agilysys

In related news, insider Chris J. Robertson sold 264 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 22,624 shares in the company, valued at approximately $2,281,856.64. The trade was a 0.00 % 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. In other Agilysys news, CFO William David Wood III sold 588 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $59,305.68. Following the transaction, the chief financial officer now owns 49,479 shares in the company, valued at $4,990,451.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris J. Robertson sold 264 shares of the company's stock in a transaction dated 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 owns 22,624 shares in the company, valued at $2,281,856.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,323 shares of company stock worth $3,868,248 in the last 90 days. Corporate 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.