Penn Capital Management Company LLC Trims Stake in Agilysys, Inc. $AGYS

Penn Capital Management Company LLC lowered its position in Agilysys, Inc. (NASDAQ:AGYS) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,024 shares of the software maker’s stock after selling 16,428 shares during the quarter. Agilysys comprises about 1.3% of Penn Capital Management Company LLC’s portfolio, making the stock its 23rd largest position. Penn Capital Management Company LLC owned 0.49% of Agilysys worth $16,563,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AGYS. Measured Wealth Private Client Group LLC purchased a new stake in shares of Agilysys in the third quarter valued at $43,000. Bessemer Group Inc. raised its stake in shares of Agilysys by 194.3% in the third quarter. Bessemer Group Inc. now owns 412 shares of the software maker’s stock valued at $44,000 after acquiring an additional 272 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Agilysys by 30.1% in the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after acquiring an additional 159 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Agilysys in the third quarter valued at $52,000. Finally, GAMMA Investing LLC increased its stake in Agilysys by 31.1% in the 4th quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock worth $66,000 after buying an additional 131 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Price Performance

Shares of Agilysys stock opened at $79.25 on Wednesday. Agilysys, Inc. has a 1 year low of $61.50 and a 1 year high of $145.25. The firm’s 50-day moving average is $69.74 and its two-hundred day moving average is $92.99. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 58.27 and a beta of 0.30.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, May 18th. The software maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.12. Agilysys had a net margin of 12.15% and a return on equity of 11.07%. The company had revenue of $82.95 million for the quarter, compared to analysts’ expectations of $81.56 million. During the same period in the prior year, the business earned $0.54 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts expect that Agilysys, Inc. will post 1.61 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of Agilysys from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Agilysys in a research note on Tuesday, May 19th. Wall Street Zen downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Oppenheimer raised their price target on shares of Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Finally, Zacks Research raised shares of Agilysys from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Agilysys has an average rating of “Hold” and a consensus price target of $128.75.

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.