54,000 Shares in Agilysys, Inc. $AGYS Acquired by Summit Partners Public Asset Management LLC

Summit Partners Public Asset Management LLC acquired a new position in Agilysys, Inc. (NASDAQ:AGYS) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 54,000 shares of the software maker’s stock, valued at approximately $6,417,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AGYS. Capital Research Global Investors bought a new position in Agilysys in the 4th quarter worth approximately $104,878,000. Wellington Management Group LLP grew its holdings in Agilysys by 75.9% in the 3rd quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock worth $72,675,000 after buying an additional 297,846 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Agilysys by 125.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after buying an additional 184,402 shares in the last quarter. Langdon Equity Partners bought a new position in Agilysys in the 4th quarter worth approximately $12,448,000. Finally, Millennium Management LLC grew its holdings in Agilysys by 426.9% in the 3rd quarter. Millennium Management LLC now owns 117,861 shares of the software maker’s stock worth $12,405,000 after buying an additional 95,494 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

Agilysys Stock Performance

Shares of NASDAQ AGYS opened at $87.50 on Wednesday. The stock has a fifty day moving average price of $75.11 and a two-hundred day moving average price of $89.10. The firm has a market cap of $2.46 billion, a P/E ratio of 64.34 and a beta of 0.41. Agilysys, Inc. has a 1 year low of $61.50 and a 1 year high of $145.25.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, May 18th. The software maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $82.95 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. On average, research analysts predict that Agilysys, Inc. will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AGYS has been the subject of a number of recent analyst reports. Weiss Ratings raised Agilysys from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Zacks Research raised Agilysys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 3rd. Piper Sandler assumed coverage on Agilysys in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $110.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Agilysys in a research note on Tuesday, May 19th. Finally, UBS Group set a $110.00 price target on Agilysys in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $116.00.

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.