Thrivent Financial for Lutherans Has $13.24 Million Holdings in Agilysys, Inc. $AGYS

Thrivent Financial for Lutherans lessened its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 8.2% during the fourth quarter, Holdings Channel reports. The fund owned 111,376 shares of the software maker’s stock after selling 9,964 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Agilysys were worth $13,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AGYS. Measured Wealth Private Client Group LLC bought a new position in shares of Agilysys in the 3rd quarter worth $43,000. Bessemer Group Inc. increased its stake in Agilysys by 194.3% during the 3rd quarter. Bessemer Group Inc. now owns 412 shares of the software maker’s stock valued at $44,000 after purchasing an additional 272 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Agilysys by 30.1% during the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after purchasing an additional 159 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Agilysys during the third quarter worth $52,000. Finally, GAMMA Investing LLC lifted its stake in shares of Agilysys by 31.1% in the fourth quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock valued at $66,000 after buying an additional 131 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

Agilysys Price Performance

Agilysys stock opened at $70.20 on Tuesday. Agilysys, Inc. has a one year low of $61.50 and a one year high of $145.25. The business has a fifty day moving average price of $68.92 and a 200-day moving average price of $94.99. The firm has a market capitalization of $1.97 billion, a P/E ratio of 65.61 and a beta of 0.30.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, May 18th. The software maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. The company had revenue of $82.95 million during the quarter, compared to analysts’ expectations of $81.56 million. Agilysys had a net margin of 9.79% and a return on equity of 10.71%. Agilysys’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 earnings per share. Sell-side analysts expect that Agilysys, Inc. will post 1.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Agilysys in a research report on Tuesday, April 28th. Zacks Research raised Agilysys from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Weiss Ratings downgraded Agilysys from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Oppenheimer dropped their target price on Agilysys from $140.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, April 9th. Finally, Wall Street Zen downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $131.40.

Agilysys Profile

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.