Bamco Inc. NY Purchases 12,405 Shares of Agilysys, Inc. $AGYS

Bamco Inc. NY raised its position in Agilysys, Inc. (NASDAQ:AGYS) by 13.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,214 shares of the software maker’s stock after purchasing an additional 12,405 shares during the quarter. Bamco Inc. NY owned 0.38% of Agilysys worth $11,179,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AGYS. Advisors Asset Management Inc. grew its stake in shares of Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after buying an additional 159 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Agilysys by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker’s stock worth $972,000 after acquiring an additional 569 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of 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 during the last quarter. Jane Street Group LLC boosted its holdings in Agilysys by 1,025.2% during the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock valued at $2,738,000 after acquiring an additional 34,395 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Agilysys by 6.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 154,735 shares of the software maker’s stock valued at $17,739,000 after acquiring an additional 9,871 shares during the period. Institutional investors own 88.00% of the company’s stock.

Agilysys Price Performance

AGYS opened at $68.49 on Monday. The business’s 50-day moving average is $90.61 and its two-hundred day moving average is $107.66. Agilysys, Inc. has a 1 year low of $63.71 and a 1 year high of $145.25. The firm has a market capitalization of $1.93 billion, a PE ratio of 64.01 and a beta of 0.36.

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

Insider Activity at Agilysys

In other news, Director Melvin L. Keating acquired 300 shares of Agilysys stock in a transaction that occurred on Tuesday, February 3rd. The stock was purchased at an average price of $83.62 per share, for a total transaction of $25,086.00. Following the purchase, 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 8.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Oppenheimer increased their target price on Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Needham & Company LLC lowered their target price on shares of Agilysys from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. Zacks Research upgraded shares of Agilysys from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Wall Street Zen downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, BTIG Research began coverage on shares of Agilysys in a report on Tuesday, December 16th. They set a “neutral” rating for the company. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.