Teacher Retirement System of Texas Decreases Stake in Agilysys, Inc. (NASDAQ:AGYS)

Teacher Retirement System of Texas lessened its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,146 shares of the software maker’s stock after selling 484 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Agilysys worth $1,863,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Advisors Asset Management Inc. increased its holdings in shares of Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Agilysys by 9.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 199,006 shares of the software maker’s stock worth $21,686,000 after acquiring an additional 16,935 shares during the period. FMR LLC boosted its position in shares of Agilysys by 1,197.1% during the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after acquiring an additional 466,704 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Agilysys during the third quarter worth about $739,000. Finally, BNP Paribas Financial Markets boosted its holdings in Agilysys by 9.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 47,900 shares of the software maker’s stock valued at $5,220,000 after purchasing an additional 4,213 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AGYS. Oppenheimer reduced their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. Craig Hallum lowered their price target on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Needham & Company LLC cut their price objective on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Northland Securities raised their target price on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, UBS Group set a $100.00 price target on shares of Agilysys in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

Agilysys Trading Down 1.5 %

NASDAQ:AGYS opened at $75.62 on Friday. The company has a market capitalization of $2.11 billion, a PE ratio of 94.53 and a beta of 0.98. Agilysys, Inc. has a 52-week low of $71.37 and a 52-week high of $142.64. The stock has a fifty day simple moving average of $84.75 and a 200-day simple moving average of $108.30. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The company had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. Agilysys’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. On average, equities research analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total value of $979,125.00. Following the completion of the sale, the director now owns 330,576 shares of the company’s stock, valued at $43,156,696.80. This represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Mutch sold 750 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the transaction, the director now directly owns 31,904 shares of the company’s stock, valued at approximately $2,403,328.32. The trade was a 2.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,250 shares of company stock valued at $8,708,238. Insiders own 19.30% of the company’s stock.

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.