882,517 Shares in Agilysys, Inc. $AGYS Purchased by Capital Research Global Investors

Capital Research Global Investors bought a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 882,517 shares of the software maker’s stock, valued at approximately $104,878,000.

Other institutional investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in Agilysys during the fourth quarter worth about $34,000. Measured Wealth Private Client Group LLC acquired a new stake in Agilysys during the third quarter worth about $43,000. Bessemer Group Inc. lifted its stake in Agilysys by 194.3% during the third quarter. Bessemer Group Inc. now owns 412 shares of the software maker’s stock worth $44,000 after purchasing an additional 272 shares during the period. Advisors Asset Management Inc. lifted its stake in Agilysys by 30.1% during 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 period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Agilysys during the third quarter worth about $52,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Trading Up 0.6%

NASDAQ:AGYS opened at $89.09 on Tuesday. Agilysys, Inc. has a 1 year low of $61.50 and a 1 year high of $145.25. The firm has a 50 day moving average of $72.84 and a 200-day moving average of $90.52. The stock has a market capitalization of $2.51 billion, a P/E ratio of 65.51 and a beta of 0.41.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, May 18th. The software maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Agilysys had a net margin of 12.15% and a return on equity of 11.07%. The company had revenue of $82.95 million during the quarter, compared to analysts’ expectations of $81.56 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. Agilysys’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, analysts forecast that Agilysys, Inc. will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AGYS. Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 3rd. Piper Sandler began coverage on shares of Agilysys in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $110.00 price target for the company. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of Agilysys in a research note on Tuesday, May 19th. Weiss Ratings cut shares of Agilysys from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Oppenheimer raised their price target on shares of Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

Agilysys 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.