206,636 Shares in Agilysys, Inc. $AGYS Purchased by Deutsche Bank AG

Deutsche Bank AG bought a new position in Agilysys, Inc. (NASDAQ:AGYS – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 206,636 shares of the software maker’s stock, valued at approximately $21,593,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Agilysys in the 2nd quarter worth approximately $194,000. Persistent Asset Partners Ltd purchased a new position in shares of Agilysys in the 2nd quarter worth $107,000. Global Retirement Partners LLC purchased a new position in shares of Agilysys in the 2nd quarter worth $92,000. Bank of New York Mellon Corp bought a new stake in shares of Agilysys in the second quarter worth $20,302,000. Finally, State of Wyoming purchased a new stake in Agilysys during the second quarter valued at $498,000. Institutional investors own 88.00% of the company’s stock.

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Insider Activity

In related news, SVP Kyle C. Badger sold 8,400 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $114.06, for a total transaction of $958,104.00. Following the completion of the transaction, the senior vice president directly owned 75,037 shares of the company’s stock, valued at approximately $8,558,720.22. This trade represents a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William David Wood III sold 6,000 shares of Agilysys stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $114.72, for a total transaction of $688,320.00. Following the completion of the sale, the chief financial officer owned 35,052 shares in the company, valued at approximately $4,021,165.44. This represents a 14.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 211,810 shares of company stock worth $22,931,805 over the last quarter. Insiders own 8.70% of the company’s stock.

Agilysys Stock Performance

Shares of AGYS stock opened at $113.80 on Friday. The stock has a fifty day simple moving average of $104.56 and a two-hundred day simple moving average of $85.50. The firm has a market capitalization of $3.21 billion, a PE ratio of 75.36 and a beta of 0.37. Agilysys, Inc. has a 52-week low of $61.50 and a 52-week high of $145.25.

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

Analysts Set New Price Targets

A number of research firms have weighed in on AGYS. Weiss Ratings raised Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. UBS Group set a $110.00 price target on Agilysys in a research note on Wednesday, June 3rd. Oppenheimer reiterated an “outperform” rating and issued a $118.00 price objective on shares of Agilysys in a research note on Tuesday, July 28th. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th. Finally, Piper Sandler boosted their target price on shares of Agilysys from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Agilysys presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.60.

View Our Latest Stock Report on Agilysys

About Agilysys

(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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