Public Employees Retirement System of Ohio Reduces Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Public Employees Retirement System of Ohio cut its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 12.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,735 shares of the software maker's stock after selling 5,808 shares during the period. Public Employees Retirement System of Ohio owned 0.15% of Agilysys worth $4,657,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. CWM LLC lifted its holdings in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker's stock worth $26,000 after purchasing an additional 199 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Agilysys in the second quarter valued at approximately $32,000. Advisors Asset Management Inc. grew its stake in Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock valued at $37,000 after acquiring an additional 182 shares in the last quarter. GAMMA Investing LLC increased its holdings in Agilysys by 66.7% during the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock worth $45,000 after acquiring an additional 166 shares during the period. Finally, NBC Securities Inc. purchased a new stake in Agilysys in the 3rd quarter worth approximately $46,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AGYS has been the topic of several research analyst reports. Northland Securities reaffirmed an "outperform" rating and issued a $145.00 price target (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Oppenheimer lifted their price target on Agilysys from $135.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. 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 report on Tuesday, October 29th. Needham & Company LLC lifted 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. Finally, StockNews.com lowered shares of Agilysys from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $137.80.

Insider Buying and Selling

In other Agilysys news, insider Chris J. Robertson sold 729 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $134.01, for a total value of $97,693.29. Following the sale, the insider now owns 21,895 shares of the company's stock, valued at $2,934,148.95. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kyle C. Badger sold 471 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 $47,505.06. Following the transaction, the senior vice president now directly owns 115,117 shares of the company's stock, valued at approximately $11,610,700.62. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,122 shares of company stock worth $1,231,391 in the last ninety days. 19.30% of the stock is owned by insiders.

Agilysys Price Performance

NASDAQ AGYS traded down $3.07 on Friday, reaching $132.93. 245,144 shares of the company's stock traded hands, compared to its average volume of 215,505. The stock has a market cap of $3.72 billion, a PE ratio of 37.87 and a beta of 0.93. Agilysys, Inc. has a 12 month low of $73.52 and a 12 month high of $139.99. The stock has a 50-day simple moving average of $120.96 and a 200 day simple moving average of $109.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07.

Agilysys (NASDAQ:AGYS - Get Free Report) last issued its earnings results 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 for the quarter, compared to analysts' expectations of $67.54 million. During the same quarter last year, the company earned $0.25 EPS. The firm's revenue was up 16.6% compared to the same quarter last year. As a group, research analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current year.

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.