Agilysys, Inc. $AGYS Stock Position Lowered by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in Agilysys, Inc. (NASDAQ:AGYS) by 27.1% in the third quarter, HoldingsChannel reports. The firm owned 121,340 shares of the software maker’s stock after selling 45,183 shares during the period. Thrivent Financial for Lutherans’ holdings in Agilysys were worth $12,771,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its holdings in shares of Agilysys by 118.5% in the third quarter. Global Retirement Partners LLC now owns 260 shares of the software maker’s stock valued at $27,000 after purchasing an additional 141 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Agilysys during the second quarter valued at $30,000. Farther Finance Advisors LLC lifted its stake in Agilysys by 215.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker’s stock worth $39,000 after acquiring an additional 250 shares in the last quarter. GAMMA Investing LLC boosted its position in Agilysys by 38.0% during the 3rd quarter. GAMMA Investing LLC now owns 421 shares of the software maker’s stock worth $44,000 after acquiring an additional 116 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in Agilysys by 30.1% during the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after acquiring an additional 159 shares during the period. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Stock Up 3.6%

AGYS stock opened at $86.88 on Thursday. The firm has a 50 day moving average of $114.79 and a two-hundred day moving average of $114.03. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $145.25. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 81.20 and a beta of 0.41.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, January 26th. The software maker reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.04). The business had revenue of $80.39 million during the quarter, compared to analyst estimates of $79.07 million. Agilysys had a net margin of 9.79% and a return on equity of 10.71%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. On average, research analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price objective on shares of Agilysys in a research note on Tuesday, January 27th. Zacks Research lowered shares of Agilysys from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a report on Wednesday, January 21st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $140.00 price objective on shares of Agilysys in a report on Tuesday, October 28th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Agilysys currently has a consensus rating of “Hold” and an average price target of $145.40.

Insiders Place Their Bets

In related news, insider Chris J. Robertson sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $131.34, for a total value of $65,670.00. Following the completion of the sale, the insider directly owned 687 shares in the company, valued at approximately $90,230.58. The trade was a 42.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Melvin L. Keating bought 300 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were bought at an average cost of $83.62 per share, with a total value of $25,086.00. Following the transaction, the director directly owned 35,007 shares of the company’s stock, valued at approximately $2,927,285.34. This trade represents a 0.86% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 8.60% of the company’s stock.

Agilysys Company Profile

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.