Penn Capital Management Company LLC Has $24.21 Million Holdings in Agilysys, Inc. $AGYS

Penn Capital Management Company LLC grew its position in shares of Agilysys, Inc. (NASDAQ:AGYSFree Report) by 18.9% in the 2nd quarter, Holdings Channel reports. The firm owned 231,237 shares of the software maker’s stock after acquiring an additional 36,828 shares during the quarter. Agilysys accounts for about 1.5% of Penn Capital Management Company LLC’s portfolio, making the stock its 14th largest holding. Penn Capital Management Company LLC’s holdings in Agilysys were worth $24,208,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake in Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after buying an additional 159 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Agilysys by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker’s stock valued at $972,000 after acquiring an additional 569 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Agilysys by 125.0% during the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after acquiring an additional 184,402 shares during the last quarter. Jane Street Group LLC grew its holdings in Agilysys by 1,025.2% during the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock worth $2,738,000 after acquiring an additional 34,395 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in Agilysys during the 2nd quarter worth about $231,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insider Activity at Agilysys

In other Agilysys news, SVP Kyle C. Badger sold 8,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $114.06, for a total transaction of $958,104.00. Following the completion of the sale, the senior vice president directly owned 75,037 shares of the company’s stock, valued at approximately $8,558,720.22. The trade was a 10.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ramesh Srinivasan sold 106,205 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $106.62, for a total value of $11,323,577.10. Following the completion of the sale, the chief executive officer directly owned 635,044 shares of the company’s stock, valued at approximately $67,708,391.28. This trade represents a 14.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 211,810 shares of company stock valued at $22,931,805. 8.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AGYS. Zacks Research downgraded Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. 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 Tuesday, July 28th. Weiss Ratings raised Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Finally, Needham & Company LLC increased their price target on Agilysys from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $124.60.

Get Our Latest Stock Report on Agilysys

Agilysys Trading Down 2.2%

AGYS opened at $117.88 on Friday. The company’s fifty day moving average price is $107.43 and its two-hundred day moving average price is $86.55. Agilysys, Inc. has a 1-year low of $61.50 and a 1-year high of $145.25. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 78.07 and a beta of 0.37.

Agilysys (NASDAQ:AGYSGet Free Report) last issued its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. The firm had revenue of $87.68 million during the quarter, compared to analysts’ expectations of $85.97 million. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. As a group, equities analysts forecast that Agilysys, Inc. will post 1.73 earnings per share for the current fiscal year.

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.

Further Reading

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.