Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 21.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,536 shares of the software maker’s stock after selling 5,699 shares during the quarter. M&T Bank Corp owned approximately 0.07% of Agilysys worth $2,705,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AGYS. US Bancorp DE grew its position in Agilysys by 11.2% during the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after buying an additional 122 shares during the period. Amalgamated Bank grew its position in Agilysys by 5.3% during the third quarter. Amalgamated Bank now owns 6,496 shares of the software maker’s stock valued at $708,000 after buying an additional 325 shares during the period. Principal Financial Group Inc. grew its position in Agilysys by 2.6% during the third quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker’s stock valued at $12,630,000 after buying an additional 2,949 shares during the period. Lisanti Capital Growth LLC acquired a new stake in Agilysys during the third quarter valued at $1,785,000. Finally, Geneva Capital Management LLC grew its position in Agilysys by 0.4% during the third quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock valued at $73,597,000 after buying an additional 2,687 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Stock Performance

AGYS opened at $78.01 on Friday. The firm has a market capitalization of $2.18 billion, a PE ratio of 97.51 and a beta of 0.98. Agilysys, Inc. has a twelve month low of $74.03 and a twelve month high of $142.64. The firm’s 50-day moving average price is $100.52 and its 200 day moving average price is $111.65. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AGYS. Oppenheimer dropped their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. Northland Securities lifted their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Craig Hallum dropped their target price on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC dropped their target price on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Agilysys has an average rating of “Moderate Buy” and a consensus price target of $133.00.

Insider Buying and Selling

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total value of $725,100.00. Following the transaction, the director now directly owns 233,076 shares in the company, valued at $22,533,787.68. The trade was a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 67,500 shares of company stock worth $8,496,000. 19.30% of the stock is owned by insiders.

Agilysys 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.