Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 230,852 shares of the software maker’s stock after selling 29,548 shares during the period. Renaissance Technologies LLC owned about 0.84% of Agilysys worth $24,041,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AGYS. Charles Schwab Investment Management Inc. raised its position in shares of Agilysys by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,864 shares of the software maker’s stock valued at $14,323,000 after acquiring an additional 3,997 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Agilysys in the fourth quarter worth $589,000. Trexquant Investment LP increased its position in Agilysys by 181.3% in the fourth quarter. Trexquant Investment LP now owns 19,080 shares of the software maker’s stock worth $1,618,000 after buying an additional 12,297 shares during the period. Evoke Wealth LLC acquired a new stake in Agilysys in the fourth quarter worth $448,000. Finally, Axiom Investors LLC DE increased its position in Agilysys by 421.7% in the fourth quarter. Axiom Investors LLC DE now owns 58,040 shares of the software maker’s stock worth $4,923,000 after buying an additional 46,915 shares during the period. 88.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mak Capital One Llc sold 45,000 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $98.48, for a total value of $4,431,600.00. Following the completion of the sale, the director now directly owns 1,253,407 shares of the company’s stock, valued at approximately $123,435,521.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Mak Capital One Llc sold 45,000 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $98.48, for a total value of $4,431,600.00. Following the completion of the sale, the director now directly owns 1,253,407 shares of the company’s stock, valued at approximately $123,435,521.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Kyle C. Badger sold 249 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $102.03, for a total value of $25,405.47. Following the sale, the senior vice president now directly owns 115,834 shares of the company’s stock, valued at $11,818,543.02. The disclosure for this sale can be found here. Insiders sold a total of 80,543 shares of company stock valued at $8,221,812 over the last three months. Insiders own 23.60% of the company’s stock.

Agilysys Stock Up 3.3 %

Shares of NASDAQ AGYS opened at $104.61 on Friday. Agilysys, Inc. has a 12 month low of $63.78 and a 12 month high of $114.70. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 33.10 and a beta of 0.83. The business has a fifty day simple moving average of $107.49 and a 200-day simple moving average of $95.33.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, July 22nd. The software maker reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The business had revenue of $63.50 million during the quarter, compared to the consensus estimate of $64.52 million. During the same period in the prior year, the business posted $0.18 earnings per share. Agilysys’s revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts expect that Agilysys, Inc. will post 0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AGYS. BTIG Research increased their target price on Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Oppenheimer increased their price target on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Craig Hallum increased their price target on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Northland Securities increased their price target on Agilysys from $118.00 to $132.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Agilysys in a research note on Monday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $124.00.

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.