Agilysys, Inc. $AGYS Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 28.7% during the second quarter, Holdings Channel reports. The fund owned 166,523 shares of the software maker’s stock after selling 67,042 shares during the period. Thrivent Financial for Lutherans’ holdings in Agilysys were worth $19,090,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. William Blair Investment Management LLC acquired a new position in Agilysys during the 2nd quarter worth $58,993,000. Wellington Management Group LLP boosted its stake in shares of Agilysys by 99.3% in the 1st quarter. Wellington Management Group LLP now owns 388,978 shares of the software maker’s stock valued at $28,216,000 after buying an additional 193,812 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Agilysys by 125.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after buying an additional 184,402 shares during the period. American Century Companies Inc. grew its position in shares of Agilysys by 38.7% during the second quarter. American Century Companies Inc. now owns 627,660 shares of the software maker’s stock worth $71,955,000 after buying an additional 175,137 shares in the last quarter. Finally, Penn Capital Management Company LLC purchased a new stake in shares of Agilysys during the first quarter worth approximately $10,337,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Sethuram Shivashankar sold 497 shares of Agilysys stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $124.64, for a total value of $61,946.08. Following the transaction, the insider directly owned 24,031 shares of the company’s stock, valued at $2,995,223.84. The trade was a 2.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chris J. Robertson sold 500 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $131.34, for a total transaction of $65,670.00. Following the completion of the sale, the insider owned 687 shares of the company’s stock, valued at approximately $90,230.58. This trade represents a 42.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,576 shares of company stock valued at $1,882,370 in the last 90 days. Company insiders own 8.60% of the company’s stock.

Agilysys Price Performance

Shares of AGYS opened at $120.88 on Wednesday. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $145.25. The stock has a market cap of $3.39 billion, a PE ratio of 140.56 and a beta of 0.42. The firm has a fifty day moving average price of $121.89 and a 200 day moving average price of $114.56.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. Agilysys had a return on equity of 11.22% and a net margin of 8.12%.The business had revenue of $36.34 million for the quarter. As a group, equities analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group reiterated a “buy” rating on shares of Agilysys in a research note on Monday. Wall Street Zen raised shares of Agilysys from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and issued a $140.00 target price on shares of Agilysys in a report on Tuesday, October 28th. Oppenheimer lifted their price target on Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Finally, BTIG Research assumed coverage on Agilysys in a research report on Tuesday. They set a “neutral” rating for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.17.

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.