Semanteon Capital Management LP Takes $1.20 Million Position in Agilysys, Inc. (NASDAQ:AGYS)

Semanteon Capital Management LP purchased a new position in Agilysys, Inc. (NASDAQ:AGYS) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 14,086 shares of the software maker’s stock, valued at approximately $1,195,000. Agilysys accounts for 0.8% of Semanteon Capital Management LP’s portfolio, making the stock its 29th largest holding.

A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Agilysys by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker’s stock worth $121,617,000 after acquiring an additional 106,026 shares during the period. Artisan Partners Limited Partnership lifted its stake in Agilysys by 6.3% during the third quarter. Artisan Partners Limited Partnership now owns 1,213,452 shares of the software maker’s stock valued at $80,282,000 after purchasing an additional 72,111 shares during the last quarter. Wellington Management Group LLP lifted its stake in Agilysys by 159.4% during the third quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock valued at $39,814,000 after purchasing an additional 369,780 shares during the last quarter. Bares Capital Management Inc. lifted its stake in Agilysys by 1.9% during the third quarter. Bares Capital Management Inc. now owns 275,000 shares of the software maker’s stock valued at $18,194,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Agilysys by 8.0% during the third quarter. Deutsche Bank AG now owns 219,426 shares of the software maker’s stock valued at $14,517,000 after purchasing an additional 16,180 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AGYS has been the subject of several recent research reports. Needham & Company LLC increased their target price on shares of Agilysys from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.75.

Agilysys Stock Performance

Shares of NASDAQ:AGYS traded down $0.41 during mid-day trading on Thursday, hitting $83.45. The stock had a trading volume of 83,824 shares, compared to its average volume of 202,212. The company has a market cap of $2.28 billion, a PE ratio of 26.16 and a beta of 0.66. Agilysys, Inc. has a 12-month low of $62.00 and a 12-month high of $91.61. The company’s 50 day moving average is $80.27 and its 200-day moving average is $81.79.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, January 22nd. The software maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.26 by $0.09. The business had revenue of $60.57 million during the quarter, compared to the consensus estimate of $60.07 million. Agilysys had a net margin of 38.27% and a return on equity of 20.54%. The firm’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. On average, equities research analysts predict that Agilysys, Inc. will post 0.55 EPS for the current fiscal year.

Insider Activity at Agilysys

In related news, major shareholder Mak Capital One Llc sold 867,729 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $82.59, for a total value of $71,665,738.11. Following the completion of the sale, the insider now owns 2,060,458 shares in the company, valued at approximately $170,173,226.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Agilysys news, CFO William David Wood III sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $85.45, for a total value of $854,500.00. Following the transaction, the chief financial officer now owns 50,391 shares in the company, valued at approximately $4,305,910.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Mak Capital One Llc sold 867,729 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the completion of the transaction, the insider now owns 2,060,458 shares in the company, valued at approximately $170,173,226.22. The disclosure for this sale can be found here. 23.60% of the stock is owned by insiders.

Agilysys Company 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. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.