ProShare Advisors LLC Buys 413 Shares of Agilysys, Inc. $AGYS

ProShare Advisors LLC raised its stake in Agilysys, Inc. (NASDAQ:AGYS) by 7.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,717 shares of the software maker’s stock after buying an additional 413 shares during the period. ProShare Advisors LLC’s holdings in Agilysys were worth $655,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Nuveen LLC acquired a new position in shares of Agilysys in the first quarter worth approximately $80,730,000. William Blair Investment Management LLC bought a new position in Agilysys during the 2nd quarter worth approximately $58,993,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Agilysys in the 1st quarter worth approximately $16,343,000. Wellington Management Group LLP boosted its stake in shares of Agilysys by 99.3% in the 1st quarter. Wellington Management Group LLP now owns 388,978 shares of the software maker’s stock valued at $28,216,000 after purchasing an additional 193,812 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Agilysys by 125.0% during the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after buying an additional 184,402 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Price Performance

Shares of Agilysys stock opened at $123.18 on Wednesday. The business has a 50-day simple moving average of $114.51 and a 200 day simple moving average of $109.92. Agilysys, Inc. has a one year low of $63.71 and a one year high of $145.25. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 143.23 and a beta of 0.66.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $36.34 million for the quarter. Agilysys had a return on equity of 11.22% and a net margin of 8.12%. On average, sell-side analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on AGYS. Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a report on Wednesday, October 8th. Zacks Research raised Agilysys from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Wall Street Zen upgraded Agilysys from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $140.00 target price on shares of Agilysys in a report on Tuesday, October 28th. Finally, Needham & Company LLC boosted their price target on Agilysys from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Agilysys presently has an average rating of “Buy” and an average price target of $138.67.

Insider Buying and Selling at Agilysys

In other Agilysys news, insider Sethuram Shivashankar sold 497 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $124.64, for a total transaction of $61,946.08. Following the transaction, the insider owned 24,031 shares in the company, valued at approximately $2,995,223.84. This represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Kyle C. Badger sold 502 shares of Agilysys stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $124.64, for a total transaction of $62,569.28. Following the transaction, the senior vice president owned 114,911 shares of the company’s stock, valued at $14,322,507.04. This represents a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 10,080 shares of company stock worth $1,196,557 in the last ninety days. 8.60% of the stock is currently owned by corporate insiders.

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.