American Century Companies Inc. Cuts Stake in Agilysys, Inc. $AGYS

American Century Companies Inc. cut its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 620,220 shares of the software maker’s stock after selling 7,440 shares during the quarter. American Century Companies Inc. owned about 2.21% of Agilysys worth $65,278,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Agilysys by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,375,895 shares of the software maker’s stock valued at $250,063,000 after purchasing an additional 76,886 shares in the last quarter. Wasatch Advisors LP increased its position in shares of Agilysys by 5.3% during the second quarter. Wasatch Advisors LP now owns 1,004,918 shares of the software maker’s stock valued at $115,204,000 after acquiring an additional 50,536 shares in the last quarter. Brown Capital Management LLC raised its holdings in Agilysys by 0.3% in the 2nd quarter. Brown Capital Management LLC now owns 645,183 shares of the software maker’s stock worth $73,964,000 after acquiring an additional 1,854 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in Agilysys by 2.3% in the 3rd quarter. Artisan Partners Limited Partnership now owns 644,199 shares of the software maker’s stock valued at $67,802,000 after acquiring an additional 14,308 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Agilysys by 8.0% during the 2nd quarter. Geode Capital Management LLC now owns 607,664 shares of the software maker’s stock valued at $69,670,000 after purchasing an additional 45,037 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Price Performance

Shares of Agilysys stock opened at $80.01 on Thursday. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $145.25. The company’s fifty day simple moving average is $96.99 and its 200-day simple moving average is $109.32. The stock has a market capitalization of $2.25 billion, a PE ratio of 74.78 and a beta of 0.36.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, January 26th. The software maker reported $0.42 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.04). The company had revenue of $80.39 million during the quarter, compared to analysts’ expectations of $79.07 million. Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. As a group, research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current year.

Insider Activity at Agilysys

In related news, Director Melvin L. Keating acquired 300 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were purchased at an average cost of $83.62 per share, with a total value of $25,086.00. Following the transaction, the director directly owned 35,007 shares in the company, valued at approximately $2,927,285.34. This 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. 8.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on AGYS shares. Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, January 21st. Zacks Research raised Agilysys from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. BTIG Research initiated coverage on shares of Agilysys in a research note on Tuesday, December 16th. They set a “neutral” rating on the stock. Wall Street Zen lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Needham & Company LLC lowered their price objective on shares of Agilysys from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Agilysys presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.40.

About Agilysys

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.