Lisanti Capital Growth LLC Buys New Shares in Agilysys, Inc. $AGYS

Lisanti Capital Growth LLC purchased a new position in Agilysys, Inc. (NASDAQ:AGYS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 37,130 shares of the software maker’s stock, valued at approximately $3,880,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AGYS. Advisors Asset Management Inc. boosted its stake in shares of Agilysys by 30.1% in the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after acquiring an additional 159 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Agilysys by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker’s stock worth $972,000 after purchasing an additional 569 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Agilysys by 125.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after purchasing an additional 184,402 shares during the period. Jane Street Group LLC raised its stake in Agilysys by 1,025.2% during the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock valued at $2,738,000 after purchasing an additional 34,395 shares during the period. Finally, Cetera Investment Advisers bought a new stake in Agilysys during the 2nd quarter valued at approximately $231,000. 88.00% of the stock is owned by institutional investors.

Agilysys Trading Up 4.2%

Shares of Agilysys stock opened at $116.71 on Thursday. The stock has a 50 day moving average of $103.66 and a 200 day moving average of $85.11. Agilysys, Inc. has a 12 month low of $61.50 and a 12 month high of $145.25. The firm has a market cap of $3.29 billion, a PE ratio of 77.29 and a beta of 0.37.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The business had revenue of $87.68 million for the quarter, compared to the consensus estimate of $85.97 million. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS. As a group, equities research analysts forecast that Agilysys, Inc. will post 1.73 earnings per share for the current fiscal year.

Insider Activity at Agilysys

In other Agilysys news, CEO Ramesh Srinivasan sold 25,000 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $108.15, for a total transaction of $2,703,750.00. Following the completion of the transaction, the chief executive officer owned 610,044 shares in the company, valued at $65,976,258.60. This trade represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William David Wood III sold 6,000 shares of Agilysys stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $114.72, for a total transaction of $688,320.00. Following the completion of the transaction, the chief financial officer directly owned 35,052 shares of the company’s stock, valued at $4,021,165.44. The trade was a 14.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 211,810 shares of company stock valued at $22,931,805 over the last 90 days. 8.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AGYS. Cantor Fitzgerald restated an “overweight” rating on shares of Agilysys in a research note on Tuesday, July 28th. Needham & Company LLC lifted their price objective on shares of Agilysys from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, August 10th. UBS Group set a $110.00 price objective on shares of Agilysys in a research report on Wednesday, June 3rd. Zacks Research downgraded shares of Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Piper Sandler upped their target price on shares of Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. 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, Agilysys currently has a consensus rating of “Moderate Buy” and an average price target of $124.60.

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.