Agilysys, Inc. $AGYS Shares Bought by AltraVue Capital LLC

AltraVue Capital LLC lifted its stake in Agilysys, Inc. (NASDAQ:AGYS) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350,037 shares of the software maker’s stock after buying an additional 7,100 shares during the period. Agilysys makes up 3.1% of AltraVue Capital LLC’s portfolio, making the stock its 13th biggest position. AltraVue Capital LLC owned 1.25% of Agilysys worth $36,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in Agilysys by 125.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after acquiring an additional 184,402 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Agilysys by 38.7% during the second quarter. American Century Companies Inc. now owns 627,660 shares of the software maker’s stock valued at $71,955,000 after purchasing an additional 175,137 shares during the period. Invesco Ltd. raised its stake in shares of Agilysys by 28.1% during the second quarter. Invesco Ltd. now owns 545,386 shares of the software maker’s stock valued at $62,523,000 after purchasing an additional 119,736 shares during the period. Next Century Growth Investors LLC acquired a new position in shares of Agilysys during the second quarter worth $12,362,000. Finally, Segall Bryant & Hamill LLC boosted its stake in shares of Agilysys by 53.2% in the second quarter. Segall Bryant & Hamill LLC now owns 272,466 shares of the software maker’s stock valued at $31,236,000 after purchasing an additional 94,640 shares during the period. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Agilysys

In related news, Director Melvin L. Keating purchased 300 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were acquired at an average cost of $83.62 per share, for a total transaction of $25,086.00. Following the transaction, the director owned 35,007 shares of the company’s stock, valued at $2,927,285.34. This trade represents a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.60% of the company’s stock.

Agilysys Stock Performance

Shares of NASDAQ:AGYS opened at $78.45 on Wednesday. The company’s fifty day moving average is $97.79 and its two-hundred day moving average is $109.53. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $145.25. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 73.32 and a beta of 0.36.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, January 26th. The software maker reported $0.42 earnings per share 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 for the quarter, compared to the consensus estimate of $79.07 million. During the same period in the prior year, the company earned $0.38 EPS. Agilysys’s quarterly revenue was up 15.6% on a year-over-year basis. Sell-side analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Needham & Company LLC lowered their target price on Agilysys from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Oppenheimer lifted their target price 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 report on Tuesday, December 16th. They issued a “neutral” rating for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.