Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 2.5% in the third quarter, Holdings Channel reports. The firm owned 10,404 shares of the software maker’s stock after selling 268 shares during the period. Natixis Advisors LLC’s holdings in Agilysys were worth $1,134,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. CWM LLC increased its position in shares of Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after acquiring an additional 199 shares in the last quarter. GAMMA Investing LLC boosted its position in Agilysys by 162.1% during the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares during the period. Larson Financial Group LLC purchased a new stake in Agilysys during the 2nd quarter worth $32,000. NBC Securities Inc. purchased a new position in Agilysys in the third quarter valued at about $46,000. Finally, Exchange Traded Concepts LLC raised its position 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 purchasing an additional 205 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AGYS. BTIG Research upped their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Oppenheimer upped their price target on Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Northland Securities reiterated an “outperform” rating and set a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Needham & Company LLC boosted their target price on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.80.

Insider Transactions at Agilysys

In other Agilysys news, Director John Mutch sold 500 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $137.86, for a total transaction of $68,930.00. Following the transaction, the director now owns 34,654 shares of the company’s stock, valued at $4,777,400.44. This trade represents a 1.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. The trade was a 1.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,523 shares of company stock valued at $4,182,589. Insiders own 19.30% of the company’s stock.

Agilysys Price Performance

AGYS stock opened at $137.72 on Wednesday. The stock’s 50 day moving average is $114.09 and its two-hundred day moving average is $106.96. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $139.99. The company has a market capitalization of $3.85 billion, a PE ratio of 39.24 and a beta of 0.85. 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 issued its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 earnings per share. Analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

About Agilysys

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.