Thrivent Financial for Lutherans Boosts Stake in Agilysys, Inc. (NASDAQ:AGYS)

Thrivent Financial for Lutherans lifted its stake in Agilysys, Inc. (NASDAQ:AGYS) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,536 shares of the software maker’s stock after acquiring an additional 3,148 shares during the period. Thrivent Financial for Lutherans owned 0.67% of Agilysys worth $20,545,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its stake in Agilysys by 4.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 7,589 shares of the software maker’s stock valued at $827,000 after acquiring an additional 312 shares in the last quarter. Geneva Capital Management LLC lifted its holdings in shares of Agilysys by 0.4% during the 3rd quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock valued at $73,597,000 after purchasing an additional 2,687 shares during the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of Agilysys in the 3rd quarter worth $1,785,000. Principal Financial Group Inc. grew its stake in Agilysys by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker’s stock worth $12,630,000 after buying an additional 2,949 shares during the last quarter. Finally, Olympiad Research LP increased its position in Agilysys by 69.7% during the 3rd quarter. Olympiad Research LP now owns 7,268 shares of the software maker’s stock valued at $792,000 after buying an additional 2,985 shares in the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AGYS shares. BTIG Research raised their price target on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Needham & Company LLC lifted their price objective on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. 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. Finally, Oppenheimer boosted their price target on Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.80.

Agilysys Price Performance

NASDAQ:AGYS opened at $125.78 on Thursday. The firm’s fifty day moving average is $110.92 and its two-hundred day moving average is $105.08. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 35.83 and a beta of 0.85. Agilysys, Inc. has a one year low of $73.52 and a one year high of $128.61. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. During the same period last year, the company earned $0.25 earnings per share. Agilysys’s revenue for the quarter was up 16.6% compared to the same quarter last year. Research analysts expect that Agilysys, Inc. will post 0.81 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total value of $1,097,700.00. Following the sale, the chief executive officer now directly owns 778,367 shares in the company, valued at approximately $85,441,345.59. The trade was a 1.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Chris J. Robertson sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total value of $435,320.00. Following the sale, the insider now owns 22,888 shares of the company’s stock, valued at $2,490,901.04. The trade was a 14.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,023 shares of company stock worth $4,548,979. Company 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.