Artisan Partners Limited Partnership Buys 14,308 Shares of Agilysys, Inc. $AGYS

Artisan Partners Limited Partnership boosted its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 644,199 shares of the software maker’s stock after acquiring an additional 14,308 shares during the period. Artisan Partners Limited Partnership owned approximately 2.30% of Agilysys worth $67,802,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in shares of Agilysys by 30.1% during the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after purchasing an additional 159 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $972,000 after buying an additional 569 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Agilysys by 125.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after buying an additional 184,402 shares during the period. Jane Street Group LLC raised its stake in shares of Agilysys by 1,025.2% in the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock valued at $2,738,000 after buying an additional 34,395 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Agilysys by 4.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,035 shares of the software maker’s stock worth $463,000 after acquiring an additional 154 shares during the period. Institutional investors own 88.00% of the company’s stock.

Insider Transactions at Agilysys

In related news, Director Melvin L. Keating acquired 300 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were purchased at an average price of $83.62 per share, with a total value of $25,086.00. Following the acquisition, the director directly owned 35,007 shares in the company, valued at $2,927,285.34. The trade was a 0.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 8.60% of the stock is currently owned by company insiders.

Agilysys Price Performance

Shares of AGYS opened at $72.17 on Friday. The company has a market capitalization of $2.03 billion, a P/E ratio of 67.45 and a beta of 0.41. Agilysys, Inc. has a one year low of $63.71 and a one year high of $145.25. The business’s 50 day simple moving average is $99.63 and its 200-day simple moving average is $109.95.

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 the consensus estimate of $0.46 by ($0.04). The business had revenue of $80.39 million during the quarter, compared to the consensus estimate of $79.07 million. Agilysys had a net margin of 9.79% and a return on equity of 10.71%. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS. On average, sell-side analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AGYS. Wall Street Zen cut shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Agilysys in a report on Wednesday, January 21st. Needham & Company LLC dropped their target price on Agilysys from $140.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Oppenheimer boosted their price target on Agilysys from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Finally, UBS Group reiterated a “buy” rating on shares of Agilysys in a research report on Monday, December 15th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $141.40.

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.