Agilysys, Inc. $AGYS Shares Purchased by Invesco Ltd.

Invesco Ltd. boosted its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 28.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 545,386 shares of the software maker’s stock after acquiring an additional 119,736 shares during the period. Invesco Ltd.’s holdings in Agilysys were worth $62,523,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Elevation Point Wealth Partners LLC purchased a new position in shares of Agilysys during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC lifted its stake in Agilysys by 43.2% in the 2nd quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after buying an additional 92 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Agilysys by 30.1% during the 1st 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. AlphaQuest LLC increased its position in Agilysys by 2,026.0% during the first quarter. AlphaQuest LLC now owns 1,063 shares of the software maker’s stock worth $77,000 after buying an additional 1,013 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of Agilysys in the second quarter worth $94,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AGYS shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $140.00 price objective on shares of Agilysys in a research report on Tuesday, October 28th. Needham & Company LLC raised their price target on shares of Agilysys from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Wall Street Zen upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. UBS Group set a $155.00 price objective on shares of Agilysys in a research note on Tuesday, October 28th. Finally, Oppenheimer raised their target price on shares of Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $141.17.

Insider Activity at Agilysys

In other Agilysys news, Director Donald A. Colvin sold 6,000 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $123.28, for a total transaction of $739,680.00. Following the completion of the sale, the director owned 24,592 shares of the company’s stock, valued at approximately $3,031,701.76. The trade was a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sethuram Shivashankar sold 497 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $124.64, for a total value of $61,946.08. Following the sale, the insider owned 24,031 shares of the company’s stock, valued at $2,995,223.84. This represents a 2.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 15,576 shares of company stock worth $1,882,370. 8.60% of the stock is owned by corporate insiders.

Agilysys Price Performance

NASDAQ AGYS opened at $125.53 on Thursday. The company has a market cap of $3.52 billion, a P/E ratio of 145.97 and a beta of 0.42. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $145.25. The company has a 50-day moving average of $120.50 and a 200-day moving average of $113.99.

Agilysys (NASDAQ:AGYS) last released its earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share (EPS) for the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. The firm had revenue of $36.34 million during the quarter. As a group, equities research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current year.

About Agilysys

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.