Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its position in Agilysys, Inc. (NASDAQ:AGYS) by 18.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167,334 shares of the software maker’s stock after selling 37,978 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Agilysys were worth $18,234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after acquiring an additional 154 shares during the period. CWM LLC increased its stake in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after buying an additional 199 shares during the period. Larson Financial Group LLC purchased a new stake in Agilysys during the 2nd quarter worth approximately $32,000. NBC Securities Inc. purchased a new stake in Agilysys during the 3rd quarter worth approximately $46,000. Finally, Exchange Traded Concepts LLC increased its stake in Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after buying an additional 205 shares during the period. 88.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO William David Wood III sold 588 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $59,305.68. Following the completion of the sale, the chief financial officer now directly owns 49,479 shares of the company’s stock, valued at $4,990,451.94. This represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris J. Robertson sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the completion of the sale, the insider now directly owns 22,888 shares of the company’s stock, valued at $2,490,901.04. This trade represents a 14.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,023 shares of company stock worth $4,548,979. Insiders own 19.30% of the company’s stock.

Agilysys Trading Up 2.1 %

NASDAQ AGYS opened at $125.78 on Thursday. Agilysys, Inc. has a one year low of $73.52 and a one year high of $128.61. The company’s 50 day moving average price is $110.92 and its 200 day moving average price is $105.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 35.83 and a beta of 0.85.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. On average, sell-side analysts predict that Agilysys, Inc. will post 0.81 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AGYS. Needham & Company LLC upped their target price on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. BTIG Research raised their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Northland Securities restated an “outperform” rating and set a $145.00 target price (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Oppenheimer raised their target price on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Agilysys has a consensus rating of “Moderate Buy” and an average price target of $134.80.

Agilysys Company Profile

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.