Agilysys, Inc. $AGYS Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 17.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 97,298 shares of the software maker’s stock after selling 20,667 shares during the period. Sei Investments Co.’s holdings in Agilysys were worth $6,922,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Agilysys during the fourth quarter worth $2,622,000. Vanguard Group Inc. raised its stake in shares of Agilysys by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock valued at $286,160,000 after acquiring an additional 32,052 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Agilysys in the fourth quarter valued at $2,081,000. Jennison Associates LLC grew its stake in Agilysys by 20.7% during the 4th quarter. Jennison Associates LLC now owns 221,791 shares of the software maker’s stock worth $26,358,000 after purchasing an additional 38,007 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in Agilysys by 1.1% during the 4th quarter. William Blair Investment Management LLC now owns 572,600 shares of the software maker’s stock worth $68,048,000 after purchasing an additional 6,378 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AGYS shares. Piper Sandler upped their price target on Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Oppenheimer reissued an “outperform” rating and set a $118.00 price objective on shares of Agilysys in a research report on Tuesday, July 28th. Needham & Company LLC upped their target price on shares of Agilysys from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Finally, Zacks Research cut shares of Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.60.

Agilysys Stock Performance

AGYS opened at $109.68 on Tuesday. Agilysys, Inc. has a one year low of $61.50 and a one year high of $145.25. The stock has a market capitalization of $3.09 billion, a P/E ratio of 72.64 and a beta of 0.37. The business’s 50-day simple moving average is $98.05 and its 200-day simple moving average is $84.64.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, July 27th. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. The firm had revenue of $87.68 million during the quarter, compared to analysts’ expectations of $85.97 million. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.The business’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. On average, equities research analysts forecast that Agilysys, Inc. will post 1.73 EPS for the current fiscal 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.