Wasatch Advisors LP Reduces Position in Agilysys, Inc. $AGYS

Wasatch Advisors LP trimmed its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 937,420 shares of the software maker's stock after selling 16,310 shares during the period. Wasatch Advisors LP owned about 3.33% of Agilysys worth $97,960,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AGYS. Versant Capital Management Inc grew its stake in shares of Agilysys by 123.9% during the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker's stock valued at $44,000 after buying an additional 233 shares during the last quarter. Optiver Holding B.V. raised its holdings in shares of Agilysys by 700.0% in the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker's stock worth $32,000 after buying an additional 399 shares during the period. Glenmede Trust Co. NA lifted its stake in shares of Agilysys by 3.1% during the 1st quarter. Glenmede Trust Co. NA now owns 5,518 shares of the software maker's stock worth $393,000 after acquiring an additional 165 shares during the last quarter. Bank of America Corp DE boosted its holdings in Agilysys by 7.0% during the 1st quarter. Bank of America Corp DE now owns 146,118 shares of the software maker's stock valued at $10,395,000 after acquiring an additional 9,537 shares during the period. Finally, Amundi boosted its holdings in Agilysys by 55.9% during the 1st quarter. Amundi now owns 6,373 shares of the software maker's stock valued at $453,000 after acquiring an additional 2,284 shares during the period. Institutional investors own 88.00% of the company's stock.

Agilysys Trading Down 0.4%

AGYS opened at $106.57 on Wednesday. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 70.58 and a beta of 0.37. Agilysys, Inc. has a 12-month low of $61.50 and a 12-month high of $145.25. The business's fifty day simple moving average is $100.86 and its 200-day simple moving average is $84.52.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 earnings per share for the quarter, topping 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 company had revenue of $87.68 million during the quarter, compared to analyst estimates of $85.97 million. During the same period in the prior year, the firm earned $0.33 earnings per share. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities research analysts predict that Agilysys, Inc. will post 1.73 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on AGYS. Oppenheimer reiterated an "outperform" rating and set a $118.00 target price on shares of Agilysys in a research report on Tuesday, July 28th. Needham & Company LLC upped their price target on shares of Agilysys from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Monday. Zacks Research downgraded shares of Agilysys from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. UBS Group set a $110.00 price objective on shares of Agilysys in a report on Wednesday, June 3rd. Finally, Weiss Ratings upgraded shares of Agilysys from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.60.

Insider Activity at Agilysys

In other news, CEO Ramesh Srinivasan sold 25,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer owned 610,044 shares of the company's stock, valued at approximately $65,976,258.60. This represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 197,410 shares of company stock valued at $21,285,381. Insiders own 8.70% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source