SG Americas Securities LLC Raises Position in Agilysys, Inc. (NASDAQ:AGYS)

SG Americas Securities LLC boosted its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 366.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,555 shares of the software maker’s stock after buying an additional 15,363 shares during the quarter. SG Americas Securities LLC owned approximately 0.07% of Agilysys worth $1,419,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AGYS. Smartleaf Asset Management LLC lifted its holdings in shares of Agilysys by 381.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after buying an additional 336 shares in the last quarter. Atria Investments Inc bought a new position in shares of Agilysys in the fourth quarter worth about $315,000. Two Sigma Advisers LP grew its holdings in Agilysys by 11.6% during the 4th quarter. Two Sigma Advisers LP now owns 4,800 shares of the software maker’s stock worth $632,000 after acquiring an additional 500 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Agilysys by 81.6% during the 4th quarter. Nuveen Asset Management LLC now owns 107,306 shares of the software maker’s stock worth $14,133,000 after acquiring an additional 48,213 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Agilysys by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 2,209,274 shares of the software maker’s stock valued at $290,983,000 after buying an additional 58,926 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Agilysys Stock Performance

AGYS opened at $109.95 on Tuesday. The stock has a 50-day moving average of $88.07 and a 200-day moving average of $96.58. Agilysys, Inc. has a 52-week low of $63.71 and a 52-week high of $142.64. The company has a market cap of $3.08 billion, a PE ratio of 137.44 and a beta of 0.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.28. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business had revenue of $74.27 million during the quarter, compared to analysts’ expectations of $71.43 million. During the same period in the prior year, the firm posted $0.32 EPS. Agilysys’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, equities research analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AGYS has been the subject of a number of recent research reports. Cantor Fitzgerald started coverage on shares of Agilysys in a research report on Tuesday, June 3rd. They set an “overweight” rating and a $125.00 price target for the company. Northland Securities set a $152.00 price objective on Agilysys in a research report on Tuesday, May 20th. Oppenheimer decreased their price objective on Agilysys from $135.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $105.00 price target (up from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Finally, UBS Group set a $100.00 price target on Agilysys in a research report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.57.

Insider Activity at Agilysys

In related news, Director John Mutch sold 500 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $110.83, for a total value of $55,415.00. Following the completion of the sale, the director now directly owns 31,404 shares in the company, valued at approximately $3,480,505.32. The trade was a 1.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 19.30% of the stock is owned by company insiders.

Agilysys Company Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.