Stephens Investment Management Group LLC Boosts Stake in Agilysys, Inc. $AGYS

Stephens Investment Management Group LLC raised its position in Agilysys, Inc. (NASDAQ:AGYS) by 33.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 132,384 shares of the software maker’s stock after buying an additional 32,869 shares during the period. Stephens Investment Management Group LLC owned 0.47% of Agilysys worth $15,177,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Agilysys during the 1st quarter worth approximately $1,078,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Agilysys by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker’s stock worth $102,000 after purchasing an additional 141 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Agilysys by 32.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 140,646 shares of the software maker’s stock worth $10,202,000 after purchasing an additional 34,660 shares during the last quarter. Northern Trust Corp increased its stake in shares of Agilysys by 17.9% during the 1st quarter. Northern Trust Corp now owns 421,751 shares of the software maker’s stock worth $30,594,000 after purchasing an additional 64,062 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Agilysys by 35.1% during the 1st quarter. Royal Bank of Canada now owns 264,432 shares of the software maker’s stock worth $19,182,000 after purchasing an additional 68,679 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Stock Up 0.2%

Shares of NASDAQ:AGYS opened at $113.37 on Thursday. The firm has a fifty day moving average price of $107.86 and a two-hundred day moving average price of $101.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.04. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 226.74 and a beta of 0.61.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The firm had revenue of $36.34 million during the quarter. Analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Analysts Set New Price Targets

AGYS has been the subject of several research analyst reports. Oppenheimer raised their price target on shares of Agilysys from $120.00 to $125.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 9th. Zacks Research upgraded shares of Agilysys from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Agilysys currently has an average rating of “Moderate Buy” and a consensus price target of $121.57.

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.