988 Shares in Agilysys, Inc. $AGYS Acquired by RiverPark Advisors LLC

RiverPark Advisors LLC acquired a new stake in Agilysys, Inc. (NASDAQ:AGYS) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 988 shares of the software maker’s stock, valued at approximately $113,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Agilysys by 43.2% in the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after purchasing an additional 92 shares during the period. Yousif Capital Management LLC boosted its position in Agilysys by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 8,407 shares of the software maker’s stock valued at $964,000 after buying an additional 94 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Agilysys by 14.1% during the second quarter. Advisors Asset Management Inc. now owns 785 shares of the software maker’s stock valued at $90,000 after acquiring an additional 97 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in Agilysys by 1.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 5,700 shares of the software maker’s stock valued at $653,000 after purchasing an additional 100 shares in the last quarter. Finally, New York State Teachers Retirement System increased its holdings in Agilysys by 0.3% during the 2nd quarter. New York State Teachers Retirement System now owns 32,140 shares of the software maker’s stock worth $3,685,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AGYS shares. Oppenheimer restated an “outperform” rating on shares of Agilysys in a research note on Tuesday, October 28th. Wall Street Zen raised shares of Agilysys from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. UBS Group set a $155.00 price target on Agilysys in a research note on Tuesday, October 28th. Zacks Research raised Agilysys from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $140.00 target price on shares of Agilysys in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $138.67.

Insider Buying and Selling

In other news, insider Sethuram Shivashankar sold 497 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $124.64, for a total transaction of $61,946.08. Following the transaction, the insider directly owned 24,031 shares of the company’s stock, valued at approximately $2,995,223.84. This trade represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William David Wood III sold 584 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $125.20, for a total transaction of $73,116.80. Following the completion of the sale, the chief financial officer directly owned 41,052 shares of the company’s stock, valued at $5,139,710.40. The trade was a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,080 shares of company stock valued at $1,936,237 in the last ninety days. Insiders own 8.60% of the company’s stock.

Agilysys Price Performance

Shares of NASDAQ AGYS opened at $125.97 on Wednesday. The firm has a market capitalization of $3.53 billion, a PE ratio of 146.48 and a beta of 0.66. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $145.25. The business’s fifty day moving average price is $116.05 and its two-hundred day moving average price is $111.48.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. The business had revenue of $36.34 million during the quarter. Equities research analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal 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.