Brown Capital Management LLC Has $50.70 Million Stock Holdings in Agilysys, Inc. $AGYS

Brown Capital Management LLC reduced its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 25.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 481,667 shares of the software maker’s stock after selling 163,516 shares during the quarter. Agilysys accounts for 2.1% of Brown Capital Management LLC’s holdings, making the stock its 22nd biggest holding. Brown Capital Management LLC owned approximately 1.72% of Agilysys worth $50,695,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Wasatch Advisors LP lifted its position in Agilysys by 5.3% during the second quarter. Wasatch Advisors LP now owns 1,004,918 shares of the software maker’s stock worth $115,204,000 after purchasing an additional 50,536 shares during the period. Geneva Capital Management LLC raised its position in shares of Agilysys by 6.7% in the 2nd quarter. Geneva Capital Management LLC now owns 816,637 shares of the software maker’s stock valued at $93,619,000 after buying an additional 51,274 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Agilysys by 9.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 629,891 shares of the software maker’s stock worth $72,211,000 after acquiring an additional 53,360 shares during the period. American Century Companies Inc. boosted its position in shares of Agilysys by 38.7% during the 2nd quarter. American Century Companies Inc. now owns 627,660 shares of the software maker’s stock worth $71,955,000 after acquiring an additional 175,137 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Agilysys by 8.0% in the second quarter. Geode Capital Management LLC now owns 607,664 shares of the software maker’s stock valued at $69,670,000 after acquiring an additional 45,037 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Insider Buying and Selling at Agilysys

In other news, Director Donald A. Colvin sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $123.28, for a total value of $739,680.00. Following the transaction, the director owned 24,592 shares in the company, valued at approximately $3,031,701.76. The trade was a 19.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris J. Robertson sold 500 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $131.34, for a total transaction of $65,670.00. Following the sale, the insider owned 687 shares of the company’s stock, valued at approximately $90,230.58. This trade represents a 42.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.60% of the stock is owned by company insiders.

Agilysys Trading Up 2.9%

Shares of AGYS stock opened at $89.25 on Tuesday. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 83.41 and a beta of 0.41. The business’s 50-day moving average price is $116.41 and its 200-day moving average price is $114.44. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $145.25.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, January 26th. The software maker reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). Agilysys had a net margin of 9.79% and a return on equity of 10.71%. The business had revenue of $80.39 million during the quarter, compared to the consensus estimate of $79.07 million. During the same quarter last year, the business earned $0.38 EPS. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, sell-side analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on AGYS. UBS Group reaffirmed a “buy” rating on shares of Agilysys in a report on Monday, December 15th. Oppenheimer upped their price objective on Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. BTIG Research began coverage on Agilysys in a research report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Agilysys presently has a consensus rating of “Hold” and a consensus price target of $145.40.

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.