14,857 Shares in Agilysys, Inc. (NASDAQ:AGYS) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 14,857 shares of Agilysys, Inc. valued at approximately $1,078,000, representing a 0.05% stake in the company.
• Institutional investors and hedge funds own 88% of Agilysys' stock, with significant increases in holdings from firms like Envestnet Asset Management Inc. and SG Americas Securities LLC in recent quarters.
• Agilysys' recent earnings report indicated a 20.7% year-over-year revenue increase, although it missed earnings estimates with $0.33 EPS compared to analyst projections of $0.36 EPS.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,857 shares of the software maker's stock, valued at approximately $1,078,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of Agilysys at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Invesco Ltd. increased its holdings in shares of Agilysys by 412.9% during the 4th quarter. Invesco Ltd. now owns 727,794 shares of the software maker's stock valued at $95,858,000 after acquiring an additional 585,886 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Agilysys by 521.7% during the 4th quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker's stock worth $80,347,000 after purchasing an additional 511,900 shares in the last quarter. Riverbridge Partners LLC acquired a new stake in shares of Agilysys during the 1st quarter worth approximately $32,913,000. Conestoga Capital Advisors LLC lifted its position in shares of Agilysys by 105.2% during the 1st quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker's stock worth $53,030,000 after buying an additional 374,800 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Agilysys by 729.1% during the 4th quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker's stock worth $52,487,000 after buying an additional 350,441 shares during the period. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Stock Performance

Shares of NASDAQ AGYS traded down $2.95 during midday trading on Tuesday, reaching $115.81. The company's stock had a trading volume of 65,040 shares, compared to its average volume of 318,678. Agilysys, Inc. has a 12-month low of $63.71 and a 12-month high of $142.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.04. The firm has a 50 day moving average price of $112.69 and a 200-day moving average price of $92.05. The stock has a market capitalization of $3.25 billion, a P/E ratio of 231.61 and a beta of 0.71.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Agilysys had a return on equity of 11.13% and a net margin of 4.85%. The company had revenue of $76.68 million for the quarter, compared to analysts' expectations of $74.42 million. During the same quarter in the prior year, the company earned $0.30 EPS. The company's revenue was up 20.7% on a year-over-year basis. As a group, equities analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AGYS shares. Northland Securities set a $152.00 target price on Agilysys in a research report on Tuesday, May 20th. Cantor Fitzgerald started coverage on Agilysys in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 target price for the company. Oppenheimer boosted their price target on Agilysys from $90.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $105.00 target price (up previously from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Agilysys has a consensus rating of "Moderate Buy" and an average target price of $120.86.

Insider Buying and Selling

In other Agilysys news, CFO William David Wood III sold 321 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $36,398.19. Following the transaction, the chief financial officer owned 47,288 shares in the company, valued at approximately $5,361,986.32. This represents a 0.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chris J. Robertson sold 258 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total value of $29,254.62. Following the transaction, the insider owned 21,137 shares in the company, valued at $2,396,724.43. This trade represents a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,405 shares of company stock worth $158,033. Insiders own 8.60% of the company's stock.

Agilysys Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.