WCM Investment Management LLC reduced its position in Agilysys, Inc. (NASDAQ:AGYS – Free Report) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 142,155 shares of the software maker’s stock after selling 4,764 shares during the quarter. WCM Investment Management LLC owned about 0.51% of Agilysys worth $10,231,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AGYS. Caitong International Asset Management Co. Ltd raised its holdings in shares of Agilysys by 419.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock worth $25,000 after purchasing an additional 172 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Agilysys during the 4th quarter worth about $34,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Agilysys during the 3rd quarter worth about $43,000. Advisors Asset Management Inc. increased its position in Agilysys by 30.1% during the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after purchasing an additional 159 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Agilysys by 31.1% during the 4th quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock worth $66,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.
Agilysys Trading Down 0.4%
AGYS stock opened at $106.28 on Tuesday. The firm has a 50 day simple moving average of $91.98 and a 200-day simple moving average of $85.58. The company has a market capitalization of $3.00 billion, a P/E ratio of 78.15 and a beta of 0.37. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $145.25.
Analyst Ratings Changes
A number of brokerages have weighed in on AGYS. UBS Group set a $110.00 price target on shares of Agilysys in a research report on Wednesday, June 3rd. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Agilysys in a research report on Tuesday, May 19th. Weiss Ratings upgraded shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Zacks Research raised shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 3rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.
Read Our Latest Stock Analysis on AGYS
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.
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