Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in Agilysys, Inc. (NASDAQ:AGYS) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 186,294 shares of the software maker’s stock after selling 2,242 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Agilysys were worth $24,537,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in shares of Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares during the period. Harbor Investment Advisory LLC lifted its position in Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after purchasing an additional 193 shares during the period. Smartleaf Asset Management LLC boosted its stake in Agilysys by 381.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after purchasing an additional 336 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Agilysys during the 4th quarter valued at $61,000. Finally, Assetmark Inc. bought a new stake in shares of Agilysys in the 4th quarter worth $115,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

AGYS has been the subject of several research reports. UBS Group set a $100.00 target price on Agilysys in a research note on Wednesday, March 5th. Craig Hallum lowered their price objective on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Northland Securities boosted their target price on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Needham & Company LLC reduced their target price on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Oppenheimer dropped their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.50.

Agilysys Stock Performance

Agilysys stock opened at $75.09 on Friday. Agilysys, Inc. has a fifty-two week low of $71.37 and a fifty-two week high of $142.64. The firm’s 50 day simple moving average is $90.17 and its 200-day simple moving average is $109.38. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market cap of $2.10 billion, a P/E ratio of 93.86 and a beta of 0.98.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. As a group, equities research analysts predict that Agilysys, Inc. will post 0.8 EPS for the current year.

Insider Activity at Agilysys

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $130.34, for a total value of $977,550.00. Following the transaction, the director now directly owns 315,576 shares of the company’s stock, valued at approximately $41,132,175.84. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Mutch sold 750 shares of Agilysys stock in a transaction on Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the sale, the director now directly owns 31,904 shares of the company’s stock, valued at approximately $2,403,328.32. The trade was a 2.30 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 70,250 shares of company stock valued at $8,708,238. Company insiders own 19.30% of the company’s stock.

About Agilysys

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.