Emerald Advisers LLC Reduces Stock Holdings in Agilysys, Inc. $AGYS

Emerald Advisers LLC lowered its stake in shares of Agilysys, Inc. (NASDAQ:AGYS – Free Report) by 1.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 323,511 shares of the software maker’s stock after selling 4,920 shares during the quarter. Emerald Advisers LLC owned 1.15% of Agilysys worth $23,015,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AGYS. Principal Financial Group Inc. boosted its stake in Agilysys by 0.6% during the first quarter. Principal Financial Group Inc. now owns 463,682 shares of the software maker’s stock worth $32,986,000 after buying an additional 2,983 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of Agilysys by 2.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 16,975 shares of the software maker’s stock valued at $1,208,000 after acquiring an additional 480 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Agilysys by 1,447.0% in the 1st quarter. Fifth Third Bancorp now owns 76,776 shares of the software maker’s stock worth $5,462,000 after acquiring an additional 71,813 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in shares of Agilysys by 24.3% during the 1st quarter. Stephens Investment Management Group LLC now owns 162,811 shares of the software maker’s stock worth $11,582,000 after purchasing an additional 31,857 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its stake in shares of Agilysys by 14.3% during the 1st quarter. Conestoga Capital Advisors LLC now owns 683,741 shares of the software maker’s stock worth $48,641,000 after purchasing an additional 85,600 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

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Agilysys Trading Up 0.7%

AGYS opened at $109.75 on Tuesday. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 80.70 and a beta of 0.37. Agilysys, Inc. has a 12-month low of $61.50 and a 12-month high of $145.25. The business’s fifty day simple moving average is $88.33 and its 200-day simple moving average is $86.07.

Agilysys (NASDAQ:AGYS – Get Free Report) last released its quarterly earnings data on Monday, May 18th. The software maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.The firm had revenue of $82.95 million during the quarter, compared to the consensus estimate of $81.56 million. During the same period in the previous year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities research analysts predict that Agilysys, Inc. will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AGYS shares. Zacks Research raised shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 3rd. Weiss Ratings upgraded Agilysys from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. UBS Group set a $110.00 target price on Agilysys in a research note on Wednesday, June 3rd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a report on Wednesday, June 17th. Finally, Oppenheimer raised their price target on Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.00.

Check Out Our Latest Research Report on AGYS

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.

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