Jupiter Topco LLC Purchases New Holdings in Agilysys, Inc. $AGYS

Jupiter Topco LLC purchased a new position in Agilysys, Inc. (NASDAQ:AGYS) during the second quarter, HoldingsChannel reports. The firm purchased 11,910 shares of the software maker’s stock, valued at approximately $1,244,000.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings in Agilysys by 419.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock worth $25,000 after purchasing an additional 172 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Agilysys during the fourth quarter worth $34,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Agilysys in the 3rd quarter valued at about $43,000. Versant Capital Management Inc boosted its position in Agilysys by 123.9% in the 2nd quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock worth $44,000 after purchasing an additional 233 shares in the last quarter. Finally, Optiver Holding B.V. grew its position in Agilysys by 700.0% during the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock valued at $32,000 after buying an additional 399 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Insider Buying and Selling at Agilysys

In other Agilysys news, CFO William Wood, III sold 6,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $114.72, for a total transaction of $688,320.00. Following the transaction, the chief financial officer directly owned 35,052 shares of the company’s stock, valued at approximately $4,021,165.44. This trade represents a 14.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kyle Badger sold 8,400 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $114.06, for a total value of $958,104.00. Following the transaction, the senior vice president directly owned 75,037 shares in the company, valued at approximately $8,558,720.22. This represents a 10.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 212,812 shares of company stock worth $23,046,675 in the last quarter. 8.70% of the stock is currently owned by company insiders.

Agilysys Stock Down 2.4%

Shares of Agilysys stock opened at $111.36 on Friday. The firm’s 50 day moving average is $109.52 and its two-hundred day moving average is $87.58. Agilysys, Inc. has a 52 week low of $61.50 and a 52 week high of $145.25. The firm has a market capitalization of $3.14 billion, a P/E ratio of 73.75 and a beta of 0.38.

Agilysys (NASDAQ:AGYS) last announced 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 net margin of 12.99% and a return on equity of 11.94%. The firm had revenue of $87.68 million during the quarter, compared to analysts’ expectations of $85.97 million. During the same period in the previous year, the company earned $0.33 earnings per share. Agilysys’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, research analysts expect that Agilysys, Inc. will post 1.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AGYS. Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a research report on Tuesday, July 28th. UBS Group set a $110.00 target price on shares of Agilysys in a research note on Wednesday, June 3rd. Zacks Research lowered shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $118.00 target price on shares of Agilysys in a research note on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.60.

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.