Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 18.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,334 shares of the software maker's stock after selling 37,978 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.60% of Agilysys worth $18,234,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AGYS. Thrivent Financial for Lutherans increased its holdings in Agilysys by 1.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 188,536 shares of the software maker's stock worth $20,545,000 after buying an additional 3,148 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Agilysys by 4.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,589 shares of the software maker's stock worth $827,000 after purchasing an additional 312 shares during the last quarter. Geneva Capital Management LLC raised its holdings in shares of Agilysys by 0.4% during the third quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker's stock worth $73,597,000 after purchasing an additional 2,687 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in Agilysys during the third quarter valued at $1,785,000. Finally, Principal Financial Group Inc. boosted its holdings in Agilysys by 2.6% in the third quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker's stock valued at $12,630,000 after purchasing an additional 2,949 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AGYS shares. BTIG Research boosted their price objective on Agilysys from $118.00 to $124.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. StockNews.com downgraded Agilysys from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. 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. Oppenheimer lifted their target price on shares of Agilysys from $120.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Finally, Needham & Company LLC upped their price objective on shares of Agilysys from $125.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Agilysys has a consensus rating of "Moderate Buy" and an average target price of $134.80.

Insider Activity

In related news, Director John Mutch sold 1,000 shares of Agilysys 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 transaction, the director now owns 36,326 shares in the company, valued at approximately $4,129,902.94. This trade represents a 2.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Melvin L. Keating sold 3,280 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $122.84, for a total value of $402,915.20. Following the completion of the sale, the director now directly owns 34,407 shares of the company's stock, valued at $4,226,555.88. This trade represents a 8.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,023 shares of company stock worth $4,548,979 over the last three months. Insiders own 19.30% of the company's stock.

Agilysys Price Performance

NASDAQ:AGYS opened at $125.78 on Thursday. The stock has a 50 day moving average of $111.40 and a two-hundred day moving average of $105.23. Agilysys, Inc. has a 12 month low of $73.52 and a 12 month high of $128.61. The firm has a market cap of $3.52 billion, a P/E ratio of 35.83 and a beta of 0.85. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.

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