Jane Street Group LLC Cuts Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Jane Street Group LLC lowered its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 29.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,234 shares of the software maker’s stock after selling 8,670 shares during the quarter. Jane Street Group LLC owned about 0.08% of Agilysys worth $2,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new position in shares of Agilysys in the 2nd quarter worth approximately $32,000. Advisors Asset Management Inc. increased its position in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after purchasing an additional 182 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Agilysys by 66.7% during the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after purchasing an additional 166 shares during the last quarter. NBC Securities Inc. purchased a new position in Agilysys during the 3rd quarter worth $46,000. Finally, Exchange Traded Concepts LLC raised its stake in Agilysys by 76.2% in the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after buying an additional 205 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors.

Insider Activity at Agilysys

In other news, CFO William David Wood III sold 588 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $59,305.68. Following the sale, the chief financial officer now directly owns 49,479 shares of the company’s stock, valued at $4,990,451.94. This represents a 1.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kyle C. Badger sold 471 shares of Agilysys stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $47,505.06. Following the completion of the transaction, the senior vice president now owns 115,117 shares of the company’s stock, valued at approximately $11,610,700.62. This represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,122 shares of company stock worth $1,231,391. 19.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

AGYS has been the subject of several research analyst reports. Oppenheimer increased their price objective on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Northland Securities restated an “outperform” rating and issued a $145.00 target price (up previously from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Needham & Company LLC boosted their price target on Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, November 15th. BTIG Research raised 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. Finally, StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $137.80.

Agilysys Stock Up 2.8 %

Shares of AGYS opened at $138.67 on Monday. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 39.51 and a beta of 0.93. Agilysys, Inc. has a 52 week low of $73.52 and a 52 week high of $142.64. The stock’s 50-day moving average price is $123.56 and its 200-day moving average price is $111.57. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data 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 business had revenue of $68.30 million for 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%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. On average, sell-side analysts predict that Agilysys, Inc. will post 0.81 EPS for the current year.

Agilysys Company 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.