Lisanti Capital Growth LLC Invests $3.88 Million in Agilysys, Inc. $AGYS

Key Points

• Lisanti Capital Growth LLC acquired 37,130 Agilysys shares worth approximately $3.88 million, while institutional investors collectively owned 88% of the company.
• Agilysys exceeded quarterly expectations, reporting $0.49 in EPS versus the $0.40 consensus estimate and revenue of $87.68 million, up 14.3% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $124.60, although insiders sold roughly $22.9 million of stock over the past three months.

Lisanti Capital Growth LLC purchased a new position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 37,130 shares of the software maker's stock, valued at approximately $3,880,000. Lisanti Capital Growth LLC owned approximately 0.13% of Agilysys at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Agilysys in the second quarter worth approximately $431,704,000. Vanguard Group Inc. raised its holdings in Agilysys by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker's stock worth $286,160,000 after acquiring an additional 32,052 shares during the last quarter. Wasatch Advisors LP lifted its position in Agilysys by 5.3% in the 2nd quarter. Wasatch Advisors LP now owns 1,004,918 shares of the software maker's stock valued at $115,204,000 after acquiring an additional 50,536 shares in the last quarter. State Street Corp lifted its position in Agilysys by 0.5% in the 4th quarter. State Street Corp now owns 1,003,062 shares of the software maker's stock valued at $119,204,000 after acquiring an additional 4,516 shares in the last quarter. Finally, Capital Research Global Investors purchased a new stake in Agilysys during the 4th quarter valued at $104,878,000. 88.00% of the stock is currently owned by institutional investors.

Agilysys Price Performance

AGYS stock opened at $116.71 on Thursday. Agilysys, Inc. has a 1 year low of $61.50 and a 1 year high of $145.25. The company has a market cap of $3.29 billion, a P/E ratio of 77.29 and a beta of 0.37. The stock's fifty day moving average price is $103.66 and its 200-day moving average price is $85.11.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.09. The company 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%.Agilysys's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share. As a group, analysts expect that Agilysys, Inc. will post 1.73 earnings per share for the current year.

Insider Activity at Agilysys

In other Agilysys news, SVP Kyle C. Badger sold 8,400 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $114.06, for a total transaction of $958,104.00. Following the completion of the sale, the senior vice president owned 75,037 shares of the company's stock, valued at approximately $8,558,720.22. The trade was a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 value of $688,320.00. Following the completion of the sale, the chief financial officer owned 35,052 shares of the company's stock, valued at approximately $4,021,165.44. The trade was a 14.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 211,810 shares of company stock worth $22,931,805. Corporate insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Weiss Ratings raised Agilysys from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, July 13th. Piper Sandler lifted their price objective on Agilysys from $110.00 to $120.00 and gave the stock an "overweight" rating in a report on Tuesday, July 28th. Zacks Research cut shares of Agilysys from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Agilysys in a report on Tuesday, July 28th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $118.00 price target 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 issued 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 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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