State of New Jersey Common Pension Fund D Purchases New Position in Agilysys, Inc. (NASDAQ:AGYS)

State of New Jersey Common Pension Fund D acquired a new position in Agilysys, Inc. (NASDAQ:AGYS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 19,239 shares of the software maker’s stock, valued at approximately $2,004,000. State of New Jersey Common Pension Fund D owned about 0.07% of Agilysys at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Agilysys by 12.3% in the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after purchasing an additional 217,008 shares during the last quarter. Axiom Investors LLC DE increased its holdings in shares of Agilysys by 421.7% in the 4th 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 last quarter. Lord Abbett & CO. LLC raised its position in shares of Agilysys by 13.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock valued at $60,920,000 after buying an additional 87,549 shares in the last quarter. Geneva Capital Management LLC lifted its holdings in shares of Agilysys by 10.6% in the 1st quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock valued at $57,805,000 after acquiring an additional 65,672 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Agilysys by 91.6% in the first quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker’s stock worth $2,797,000 after acquiring an additional 15,870 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Agilysys

In other Agilysys news, insider Chris J. Robertson sold 4,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the transaction, the insider now directly owns 22,888 shares in the company, valued at approximately $2,490,901.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the transaction, the chief executive officer now directly owns 778,367 shares in the company, valued at $85,441,345.59. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Chris J. Robertson sold 4,000 shares of Agilysys stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the transaction, the insider now directly owns 22,888 shares in the company, valued at $2,490,901.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,543 shares of company stock worth $8,221,812. Company insiders own 23.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AGYS shares. William Blair began coverage on Agilysys in a research report on Monday, June 24th. They set an “outperform” rating on the stock. Oppenheimer increased their price target on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, July 19th. StockNews.com raised shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Tuesday. BTIG Research increased their target price on shares of Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Northland Securities lifted their price target on shares of Agilysys from $118.00 to $132.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $124.00.

Agilysys Stock Up 0.2 %

AGYS stock opened at $104.79 on Friday. Agilysys, Inc. has a twelve month low of $63.78 and a twelve month high of $114.70. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 33.16 and a beta of 0.83. The business’s fifty day simple moving average is $107.44 and its two-hundred day simple moving average is $95.52.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, July 22nd. The software maker reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $63.50 million during the quarter, compared to analyst estimates of $64.52 million. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. Research analysts expect that Agilysys, Inc. will post 0.62 EPS for the current year.

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.