Agilysys, Inc. $AGYS Stake Trimmed by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 427,638 shares of the software maker’s stock after selling 5,966 shares during the quarter. William Blair Investment Management LLC owned 1.52% of Agilysys worth $41,515,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Optiver Holding B.V. lifted its position in shares of Agilysys by 700.0% during the 1st quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after buying an additional 399 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in Agilysys by 36.0% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 393 shares of the software maker’s stock worth $38,000 after acquiring an additional 104 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Agilysys by 123.9% in the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock worth $44,000 after acquiring an additional 233 shares during the last quarter. MCF Advisors LLC lifted its holdings in shares of Agilysys by 120.3% in the second quarter. MCF Advisors LLC now owns 478 shares of the software maker’s stock worth $50,000 after acquiring an additional 261 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Agilysys by 511.8% in the 3rd quarter. Covestor Ltd now owns 673 shares of the software maker’s stock valued at $65,000 after purchasing an additional 563 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Insiders Place Their Bets

In other Agilysys news, Director Donald A. Colvin sold 3,000 shares of Agilysys stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $125.25, for a total transaction of $375,750.00. Following the transaction, the director directly owned 22,565 shares of the company’s stock, valued at approximately $2,826,266.25. The trade was a 11.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joe Youssef sold 1,002 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $114.64, for a total value of $114,869.28. Following the completion of the sale, the insider owned 19,045 shares in the company, valued at $2,183,318.80. This trade represents a 5.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,113 shares of company stock valued at $2,334,739 over the last ninety days. 8.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Oppenheimer reiterated an “outperform” rating and set a $135.00 price objective (up from $118.00) on shares of Agilysys in a research report on Tuesday, October 27th. UBS Group set a $145.00 price target on shares of Agilysys in a report on Tuesday, October 27th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a research note on Tuesday, July 28th. Wall Street Zen raised Agilysys from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Finally, Needham & Company LLC boosted their price objective on Agilysys from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, October 27th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Agilysys has an average rating of “Moderate Buy” and an average price target of $141.25.

Agilysys Trading Up 0.3%

AGYS traded up $0.35 during trading on Friday, reaching $121.94. 146,461 shares of the company’s stock were exchanged, compared to its average volume of 324,116. Agilysys, Inc. has a one year low of $61.50 and a one year high of $129.52. The stock has a market capitalization of $3.44 billion, a PE ratio of 78.17, a price-to-earnings-growth ratio of 3.32 and a beta of 0.40. The firm has a fifty day moving average price of $109.78 and a two-hundred day moving average price of $92.90.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, October 26th. The software maker reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.12. The firm had revenue of $93.36 million during the quarter, compared to analysts’ expectations of $90.92 million. Agilysys had a net margin of 12.88% and a return on equity of 12.98%. The company’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. Sell-side analysts expect that Agilysys, Inc. will post 1.83 earnings per share for the current year.

Agilysys Profile

Agilysys, Inc. develops software and technology solutions for the hospitality industry. Its products support hotels, resorts, casinos, restaurants, cruise lines, and other organizations that serve guests. The company’s offerings include property management and point-of-sale systems, as well as tools for inventory and procurement, guest engagement, payments, and operational analytics. Agilysys also provides implementation, support, and other services related to its software. Founded in 1963, Agilysys is headquartered in Alpharetta, Georgia, and serves hospitality businesses in North America and international markets.