State of Wyoming Makes New Investment in Agilysys, Inc. $AGYS

State of Wyoming purchased a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,763 shares of the software maker’s stock, valued at approximately $498,000.

Several other hedge funds also recently made changes to their positions in AGYS. B. Metzler seel. Sohn & Co. AG acquired a new stake in Agilysys in the 4th quarter valued at $2,622,000. State of New Jersey Common Pension Fund D bought a new stake in Agilysys during the 4th quarter worth about $2,081,000. Vanguard Group Inc. boosted its stake in shares of Agilysys by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock worth $286,160,000 after buying an additional 32,052 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of 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 buying an additional 38,007 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Agilysys by 38.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 377,038 shares of the software maker’s stock valued at $26,825,000 after acquiring an additional 103,752 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on AGYS shares. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a research report on Tuesday, July 28th. Weiss Ratings raised Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 13th. Zacks Research cut Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Needham & Company LLC increased their price objective on Agilysys from $130.00 to $135.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, UBS Group set a $110.00 target price on shares of Agilysys in a research note on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Agilysys presently has a consensus rating of “Moderate Buy” and an average target price of $124.60.

Agilysys Trading Down 2.3%

Shares of NASDAQ AGYS opened at $111.33 on Tuesday. The company has a market capitalization of $3.14 billion, a P/E ratio of 73.73 and a beta of 0.37. Agilysys, Inc. has a 12 month low of $61.50 and a 12 month high of $145.25. The stock has a 50 day moving average of $102.71 and a 200-day moving average of $84.70.

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

Insider Activity

In other news, CEO Ramesh Srinivasan sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $108.15, for a total transaction of $2,703,750.00. Following the completion of the sale, the chief executive officer owned 610,044 shares in the company, valued at approximately $65,976,258.60. This trade represents a 3.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last ninety days, insiders have sold 197,410 shares of company stock worth $21,285,381. Company insiders own 8.70% of the company’s stock.

About Agilysys

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.