AltraVue Capital LLC Sells 38,200 Shares of Agilysys, Inc. (NASDAQ:AGYS)

AltraVue Capital LLC lessened its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 22.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 131,270 shares of the software maker’s stock after selling 38,200 shares during the period. Agilysys accounts for about 2.7% of AltraVue Capital LLC’s investment portfolio, making the stock its 15th biggest holding. AltraVue Capital LLC owned approximately 0.56% of Agilysys worth $6,296,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Vantage Consulting Group Inc bought a new stake in Agilysys during the fourth quarter valued at about $43,000. Citigroup Inc. grew its holdings in Agilysys by 222.0% during the fourth quarter. Citigroup Inc. now owns 5,188 shares of the software maker’s stock valued at $199,000 after purchasing an additional 3,577 shares during the period. Stratos Wealth Partners LTD. bought a new stake in Agilysys during the fourth quarter valued at about $202,000. Trexquant Investment LP bought a new position in shares of Agilysys in the fourth quarter worth about $203,000. Finally, Arizona State Retirement System bought a new position in shares of Agilysys in the fourth quarter worth about $223,000. 98.83% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on the company. Northland Securities upped their price objective on Agilysys from $45.00 to $66.00 in a research note on Thursday, March 18th. Craig Hallum lowered Agilysys from a “buy” rating to a “hold” rating and upped their price objective for the stock from $32.00 to $45.00 in a research note on Wednesday, January 27th. Finally, Zacks Investment Research lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Monday, February 1st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $44.50.

In other Agilysys news, SVP Prabuddha Biswas sold 2,500 shares of the firm’s stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of $60.28, for a total transaction of $150,700.00. Also, SVP Donald Anthony Demarinis sold 8,000 shares of the firm’s stock in a transaction on Friday, February 12th. The stock was sold at an average price of $56.50, for a total value of $452,000.00. Corporate insiders own 21.70% of the company’s stock.

AGYS stock traded up $0.95 during midday trading on Wednesday, reaching $50.25. 1,372 shares of the company traded hands, compared to its average volume of 197,230. Agilysys, Inc. has a 52-week low of $15.51 and a 52-week high of $64.09. The business has a 50 day moving average of $53.94 and a 200-day moving average of $41.42. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -44.87 and a beta of 1.41.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, January 25th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Agilysys had a negative return on equity of 28.60% and a negative net margin of 16.61%. The business had revenue of $36.70 million for the quarter, compared to the consensus estimate of $36.09 million. The firm’s revenue for the quarter was down 12.6% on a year-over-year basis. As a group, equities research analysts forecast that Agilysys, Inc. will post 0.49 EPS for the current year.

Agilysys Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. The company offers point of sale, property management systems, payment, inventory and procurement, reservations, table management, activity scheduling, document management, and analytics and marketing loyalty solutions to enhance guest experience.

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Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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