11,300 Shares in Agilysys, Inc. $AGYS Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in Agilysys, Inc. (NASDAQ:AGYSFree Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,300 shares of the software maker’s stock, valued at approximately $804,000.

A number of other large investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Agilysys by 419.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock worth $25,000 after buying an additional 172 shares during the period. Los Angeles Capital Management LLC acquired a new position in Agilysys during the 4th quarter worth about $34,000. Measured Wealth Private Client Group LLC acquired a new position in Agilysys during the 3rd quarter worth about $43,000. Advisors Asset Management Inc. boosted its holdings 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 acquiring an additional 159 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Agilysys by 31.1% during the 4th quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock valued at $66,000 after acquiring an additional 131 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Price Performance

AGYS opened at $110.81 on Monday. The business has a fifty day moving average price of $83.02 and a 200 day moving average price of $86.58. Agilysys, Inc. has a 12 month low of $61.50 and a 12 month high of $145.25. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 81.48 and a beta of 0.37.

Agilysys (NASDAQ:AGYSGet Free Report) last posted its quarterly earnings results on Monday, May 18th. The software maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $82.95 million for the quarter, compared to analyst estimates of $81.56 million. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.Agilysys’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. On average, research analysts anticipate that Agilysys, Inc. will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

AGYS has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of Agilysys from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Piper Sandler initiated coverage on shares of Agilysys in a research note on Tuesday, June 2nd. They issued an “overweight” rating and a $110.00 price objective for the company. Cantor Fitzgerald restated an “overweight” rating on shares of Agilysys in a report on Wednesday, June 17th. Oppenheimer upped their target price on shares of Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 target price on shares of Agilysys in a report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

Get Our Latest Report on Agilysys

Agilysys Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding AGYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agilysys, Inc. (NASDAQ:AGYSFree Report).

Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

Receive News & Ratings for Agilysys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agilysys and related companies with MarketBeat.com's FREE daily email newsletter.