William Blair Investment Management LLC Has $68.05 Million Holdings in Agilysys, Inc. $AGYS

William Blair Investment Management LLC boosted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 572,600 shares of the software maker’s stock after buying an additional 6,378 shares during the period. William Blair Investment Management LLC owned about 2.04% of Agilysys worth $68,048,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AGYS. Measured Wealth Private Client Group LLC acquired a new position in shares of Agilysys in the 3rd quarter valued at about $43,000. Bessemer Group Inc. increased its holdings in shares of Agilysys by 194.3% in the 3rd quarter. Bessemer Group Inc. now owns 412 shares of the software maker’s stock valued at $44,000 after purchasing an additional 272 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Agilysys in the 3rd quarter valued at about $52,000. GAMMA Investing LLC increased its holdings in shares of Agilysys by 31.1% in the 4th quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock valued at $66,000 after purchasing an additional 131 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Agilysys by 71.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 632 shares of the software maker’s stock valued at $71,000 after purchasing an additional 263 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AGYS. Weiss Ratings downgraded Agilysys from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Zacks Research upgraded Agilysys from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Wall Street Zen downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Agilysys in a report on Tuesday, May 19th. Finally, Oppenheimer upped their target price on Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $128.75.

Agilysys Stock Performance

Shares of NASDAQ AGYS opened at $79.84 on Monday. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 58.71 and a beta of 0.30. The business has a 50 day simple moving average of $69.33 and a 200 day simple moving average of $93.61. Agilysys, Inc. has a 52 week low of $61.50 and a 52 week high of $145.25.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, May 18th. The software maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. The business had revenue of $82.95 million during the quarter, compared to analysts’ expectations of $81.56 million. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. On average, analysts predict that Agilysys, Inc. will post 1.61 EPS for the current year.

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.