Thrivent Financial for Lutherans Has $13.24 Million Position in Agilysys, Inc. $AGYS

Thrivent Financial for Lutherans lowered its stake in Agilysys, Inc. (NASDAQ:AGYS) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 111,376 shares of the software maker’s stock after selling 9,964 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.40% of Agilysys worth $13,236,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in shares of 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 purchasing an additional 159 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Agilysys by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker’s stock valued at $972,000 after purchasing an additional 569 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Agilysys by 125.0% during the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after purchasing an additional 184,402 shares during the period. Jane Street Group LLC increased its position in Agilysys by 1,025.2% during the first quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock worth $2,738,000 after buying an additional 34,395 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in Agilysys during the second quarter worth approximately $231,000. Institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AGYS. Oppenheimer decreased their price objective on shares of Agilysys from $140.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, April 9th. Weiss Ratings downgraded shares of Agilysys from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Agilysys in a research note on Tuesday, April 28th. Zacks Research raised shares of Agilysys from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Wall Street Zen downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $131.40.

Agilysys Price Performance

Shares of NASDAQ:AGYS opened at $70.20 on Tuesday. Agilysys, Inc. has a 1 year low of $61.50 and a 1 year high of $145.25. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 65.61 and a beta of 0.30. The company’s 50 day simple moving average is $68.92 and its 200 day simple moving average is $94.99.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, May 18th. The software maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Agilysys had a net margin of 9.79% and a return on equity of 10.71%. The firm had revenue of $82.95 million during the quarter, compared to analysts’ expectations of $81.56 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, analysts anticipate that Agilysys, Inc. will post 1.09 EPS for the current fiscal year.

Agilysys 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.