Quantinno Capital Management LP Acquires 4,955 Shares of Agilysys, Inc. $AGYS

Quantinno Capital Management LP grew its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 107.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,579 shares of the software maker’s stock after purchasing an additional 4,955 shares during the quarter. Quantinno Capital Management LP’s holdings in Agilysys were worth $681,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AGYS. Caitong International Asset Management Co. Ltd grew its stake 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 stake in Agilysys during the fourth quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Agilysys during the third quarter worth $43,000. Advisors Asset Management Inc. raised its stake in 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 buying an additional 159 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Agilysys by 71.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 632 shares of the software maker’s stock valued at $71,000 after purchasing an additional 263 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Trading Up 0.6%

Shares of AGYS stock opened at $111.96 on Wednesday. The stock has a 50 day moving average of $103.15 and a 200 day moving average of $84.89. The stock has a market cap of $3.16 billion, a P/E ratio of 74.15 and a beta of 0.37. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $145.25.

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

Insider Buying and Selling

In other Agilysys news, CEO Ramesh Srinivasan sold 25,000 shares of Agilysys stock in a transaction on Friday, August 7th. The shares were sold at an average price of $108.15, for a total value of $2,703,750.00. Following the completion of the transaction, the chief executive officer owned 610,044 shares of the company’s stock, valued at approximately $65,976,258.60. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 197,410 shares of company stock worth $21,285,381 in the last quarter. 8.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AGYS has been the subject of a number of research analyst reports. Zacks Research lowered Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $118.00 price objective on shares of Agilysys in a report on Tuesday, July 28th. UBS Group set a $110.00 price objective on shares of Agilysys in a research note on Wednesday, June 3rd. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th. Finally, Piper Sandler boosted their target price on shares of Agilysys from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $124.60.

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.