22,065 Shares in Agilysys, Inc. $AGYS Bought by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 22,065 Agilysys shares worth approximately $2.3 million, while institutional investors overall own about 88% of the company.
• Agilysys insiders sold 211,810 shares valued at roughly $22.9 million over the past quarter, including significant sales by its senior vice president and CFO.
• The company exceeded quarterly earnings and revenue expectations, with EPS of $0.49 and revenue of $87.68 million; analysts maintain a “Moderate Buy” consensus with an average price target of $124.60.

B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,065 shares of the software maker's stock, valued at approximately $2,306,000. B. Metzler seel. Sohn & Co. AG owned about 0.08% of Agilysys as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AGYS. Advisors Asset Management Inc. grew its stake in shares of Agilysys by 30.1% in the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock worth $50,000 after purchasing an additional 159 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Agilysys by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker's stock worth $972,000 after buying an additional 569 shares during the period. Goldman Sachs Group Inc. lifted 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 during the period. Jane Street Group LLC grew its position in shares of Agilysys by 1,025.2% in the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker's stock worth $2,738,000 after buying an additional 34,395 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of Agilysys in the 2nd quarter worth approximately $231,000. Hedge funds and other institutional investors own 88.00% of the company's stock.

Insider Buying and Selling

In other Agilysys news, SVP Kyle C. Badger sold 8,400 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $114.06, for a total value of $958,104.00. Following the sale, the senior vice president owned 75,037 shares in the company, valued at approximately $8,558,720.22. This represents a 10.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William David Wood III sold 6,000 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $114.72, for a total transaction of $688,320.00. Following the completion of the sale, the chief financial officer owned 35,052 shares in the company, valued at approximately $4,021,165.44. This trade represents a 14.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 211,810 shares of company stock valued at $22,931,805 over the last quarter. Corporate insiders own 8.70% of the company's stock.

Agilysys Stock Up 0.4%

Shares of AGYS stock opened at $113.80 on Friday. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 75.36 and a beta of 0.37. The business's fifty day moving average is $104.56 and its 200 day moving average is $85.50. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $145.25.

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

Analyst Ratings Changes

AGYS has been the topic of a number of research analyst reports. UBS Group set a $110.00 price objective on shares of Agilysys in a research report on Wednesday, June 3rd. Piper Sandler raised their target price on shares of Agilysys from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 28th. Weiss Ratings raised shares of Agilysys from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, July 13th. Zacks Research cut shares of Agilysys from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Agilysys in a research note on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.

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