95,760 Shares in Agilysys, Inc. $AGYS Bought by Langdon Equity Partners

Langdon Equity Partners bought a new position in Agilysys, Inc. (NASDAQ:AGYS) in the 4th quarter, HoldingsChannel.com reports. The firm bought 95,760 shares of the software maker’s stock, valued at approximately $12,448,000. Agilysys accounts for 6.4% of Langdon Equity Partners’ holdings, making the stock its 8th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its position in Agilysys by 419.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock worth $25,000 after purchasing an additional 172 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Agilysys in the 4th quarter worth approximately $34,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Agilysys in the 3rd quarter worth approximately $43,000. Bessemer Group Inc. raised its holdings in shares of Agilysys by 194.3% in the 3rd quarter. Bessemer Group Inc. now owns 412 shares of the software maker’s stock worth $44,000 after buying an additional 272 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Agilysys in the 3rd quarter worth approximately $52,000. 88.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Agilysys in a report on Tuesday, May 19th. UBS Group set a $110.00 target price on Agilysys in a report on Wednesday, June 3rd. Weiss Ratings raised Agilysys from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Oppenheimer increased their target price on Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Finally, Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

Agilysys Price Performance

AGYS stock opened at $90.64 on Friday. The business has a fifty day moving average price of $74.45 and a 200 day moving average price of $89.86. Agilysys, Inc. has a fifty-two week low of $61.50 and a fifty-two week high of $145.25. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 66.65 and a beta of 0.41.

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

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.