Rockefeller Capital Management L.P. Sells 176,091 Shares of Agilysys, Inc. $AGYS

Rockefeller Capital Management L.P. reduced its position in Agilysys, Inc. (NASDAQ:AGYS) by 39.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 271,022 shares of the software maker’s stock after selling 176,091 shares during the period. Rockefeller Capital Management L.P.’s holdings in Agilysys were worth $32,208,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Agilysys by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock valued at $286,160,000 after buying an additional 32,052 shares during the period. Wasatch Advisors LP raised its holdings in shares of Agilysys by 5.3% in the second quarter. Wasatch Advisors LP now owns 1,004,918 shares of the software maker’s stock worth $115,204,000 after buying an additional 50,536 shares during the period. State Street Corp raised its holdings in shares of Agilysys by 0.5% in the fourth quarter. State Street Corp now owns 1,003,062 shares of the software maker’s stock worth $119,204,000 after buying an additional 4,516 shares during the period. Capital Research Global Investors bought a new stake in shares of Agilysys during the 4th quarter worth approximately $104,878,000. Finally, Wellington Management Group LLP lifted its stake in shares of Agilysys by 75.9% during the 3rd quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock worth $72,675,000 after acquiring an additional 297,846 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on AGYS shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Agilysys in a research report on Wednesday. Weiss Ratings upgraded Agilysys from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. UBS Group set a $110.00 target price on shares of Agilysys in a research note on Wednesday, June 3rd. Piper Sandler assumed coverage on shares of Agilysys in a report on Tuesday, June 2nd. They issued an “overweight” rating and a $110.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Agilysys in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $116.00.

Agilysys Stock Performance

Shares of NASDAQ AGYS opened at $87.51 on Monday. Agilysys, Inc. has a 52-week low of $61.50 and a 52-week high of $145.25. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 64.35 and a beta of 0.41. The stock has a 50 day moving average price of $76.25 and a 200 day moving average price of $88.35.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, May 18th. The software maker reported $0.63 EPS for the quarter, topping the consensus estimate of $0.51 by $0.12. The company had revenue of $82.95 million for the quarter, compared to the consensus estimate of $81.56 million. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.Agilysys’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. Analysts forecast that Agilysys, Inc. will post 1.77 earnings per share for the current year.

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.