SG Americas Securities LLC Grows Position in Agilysys, Inc. $AGYS

SG Americas Securities LLC increased its position in Agilysys, Inc. (NASDAQ:AGYS) by 671.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,009 shares of the software maker’s stock after purchasing an additional 16,544 shares during the period. SG Americas Securities LLC owned 0.07% of Agilysys worth $2,259,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted 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 valued at $50,000 after buying an additional 159 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Agilysys by 4.4% in 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 in the last quarter. 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 valued at $24,080,000 after acquiring an additional 184,402 shares during the period. Jane Street Group LLC boosted its stake in Agilysys by 1,025.2% during the first quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock worth $2,738,000 after acquiring an additional 34,395 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in Agilysys in the second quarter worth about $231,000. Institutional investors own 88.00% of the company’s stock.

Agilysys Price Performance

NASDAQ:AGYS opened at $71.09 on Friday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 66.44 and a beta of 0.43. The company’s 50 day moving average price is $77.60 and its 200-day moving average price is $103.68. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $145.25.

Agilysys (NASDAQ:AGYS) last released 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). 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 period last year, the company posted $0.38 earnings per share. The business’s revenue was up 15.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AGYS has been the subject of several recent research reports. Zacks Research upgraded shares of Agilysys from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. UBS Group reaffirmed a “buy” rating on shares of Agilysys in a research report on Monday, December 15th. BTIG Research began coverage on Agilysys in a research note on Tuesday, December 16th. They set a “neutral” rating for the company. Wall Street Zen downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $141.40.

Insider Activity

In other Agilysys news, Director Melvin L. Keating purchased 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 completion of the acquisition, the director directly owned 35,007 shares in the company, valued at $2,927,285.34. This trade represents a 0.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders acquired 1,000 shares of company stock worth $77,669 over the last 90 days. Corporate insiders own 8.60% of the company’s stock.

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.