Punch & Associates Investment Management Inc. bought a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 159,080 shares of the software maker’s stock, valued at approximately $16,624,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its holdings in shares of Agilysys by 30.1% in the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Agilysys by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker’s stock worth $972,000 after purchasing an additional 569 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Agilysys by 125.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after purchasing an additional 184,402 shares during the period. Jane Street Group LLC increased its position in shares of Agilysys by 1,025.2% during the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock valued at $2,738,000 after purchasing an additional 34,395 shares during the period. Finally, Cetera Investment Advisers bought a new stake in shares of Agilysys in the 2nd quarter worth $231,000. 88.00% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on AGYS shares. Needham & Company LLC raised their target price on Agilysys from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, August 10th. UBS Group set a $110.00 price target on shares of Agilysys in a research report on Wednesday, June 3rd. Piper Sandler upped their price target on shares of Agilysys from $110.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Agilysys in a research note on Tuesday, July 28th. Finally, Zacks Research downgraded shares of Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.60.
Agilysys Stock Up 0.1%
Shares of NASDAQ AGYS opened at $114.61 on Thursday. The stock’s fifty day simple moving average is $106.16 and its 200 day simple moving average is $86.09. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 75.90 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 announced its earnings results on Monday, July 27th. The software maker reported $0.49 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 business had revenue of $87.68 million during the quarter, compared to the consensus estimate of $85.97 million. During the same period in the prior year, the business posted $0.33 earnings per share. Agilysys’s revenue was up 14.3% compared to the same quarter last year. As a group, analysts anticipate that Agilysys, Inc. will post 1.73 earnings per share for the current year.
Insider Buying and Selling at Agilysys
In other Agilysys news, CFO William David Wood III sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $114.72, for a total value of $688,320.00. Following the completion of the transaction, the chief financial officer directly owned 35,052 shares in the company, valued at $4,021,165.44. This trade represents a 14.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kyle C. Badger sold 8,400 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 211,810 shares of company stock valued at $22,931,805. 8.70% of the stock is currently owned by corporate insiders.
Agilysys Company 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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