Agilysys, Inc. (NASDAQ:AGYS) Shares Purchased by Amalgamated Bank

Amalgamated Bank boosted its position in Agilysys, Inc. (NASDAQ:AGYS) by 5.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,496 shares of the software maker’s stock after acquiring an additional 325 shares during the quarter. Amalgamated Bank’s holdings in Agilysys were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares in the last quarter. CWM LLC lifted its stake in shares of Agilysys by 390.2% during the second 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 acquired a new position in shares of Agilysys during the second quarter worth about $32,000. NBC Securities Inc. acquired a new position in shares of Agilysys during the third quarter worth about $46,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AGYS. BTIG Research boosted their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Oppenheimer boosted their price objective on Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday. Northland Securities reaffirmed an “outperform” rating and set a $145.00 target price (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Needham & Company LLC lifted their target price on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Craig Hallum lifted their target price on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.80.

Agilysys Stock Up 0.3 %

Shares of Agilysys stock opened at $121.19 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.39 billion, a P/E ratio of 34.53 and a beta of 0.85. Agilysys, Inc. has a fifty-two week low of $73.52 and a fifty-two week high of $128.61. The business has a 50-day moving average price of $109.68 and a 200 day moving average price of $103.93.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. Agilysys’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. On average, sell-side analysts forecast that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Activity at Agilysys

In other Agilysys news, insider Chris J. Robertson sold 264 shares of Agilysys stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the completion of the transaction, the insider now directly owns 22,624 shares in the company, valued at $2,281,856.64. The trade was a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00. Following the completion of the transaction, the chief executive officer now owns 778,367 shares of the company’s stock, valued at approximately $85,441,345.59. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,023 shares of company stock valued at $4,548,979 over the last three months. 19.30% of the stock is owned by insiders.

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.