433,604 Shares in Agilysys, Inc. $AGYS Bought by William Blair Investment Management LLC

William Blair Investment Management LLC bought a new position in Agilysys, Inc. (NASDAQ:AGYS) in the second quarter, HoldingsChannel reports. The fund bought 433,604 shares of the software maker’s stock, valued at approximately $45,312,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Agilysys during the second quarter valued at about $431,704,000. Vanguard Group Inc. increased its stake in shares of Agilysys by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock valued at $286,160,000 after buying an additional 32,052 shares during the period. Wasatch Advisors LP increased its stake in shares of Agilysys by 5.3% in the second quarter. Wasatch Advisors LP now owns 1,004,918 shares of the software maker’s stock valued at $115,204,000 after buying an additional 50,536 shares during the period. State Street Corp raised its holdings in Agilysys by 0.5% in the 4th quarter. State Street Corp now owns 1,003,062 shares of the software maker’s stock valued at $119,204,000 after buying an additional 4,516 shares during the last quarter. Finally, Capital Research Global Investors bought a new position in Agilysys in the 4th quarter valued at approximately $104,878,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Stock Up 0.4%

AGYS stock opened at $113.80 on Friday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 75.36 and a beta of 0.37. The company’s fifty day simple moving average is $104.56 and its 200 day simple moving average is $85.50. Agilysys, Inc. has a 12-month low of $61.50 and a 12-month high of $145.25.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results 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 return on equity of 11.94% and a net margin of 12.99%.The firm had revenue of $87.68 million during the quarter, compared to the consensus estimate of $85.97 million. During the same period last year, the business posted $0.33 EPS. The business’s revenue was up 14.3% compared to the same quarter last year. Research analysts expect that Agilysys, Inc. will post 1.73 earnings per share for the current year.

Insider Activity at Agilysys

In related news, SVP Kyle C. Badger sold 8,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $114.06, for a total transaction of $958,104.00. Following the completion of the sale, the senior vice president owned 75,037 shares of the company’s stock, valued at $8,558,720.22. This trade represents a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO William David Wood III sold 6,000 shares of Agilysys stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $114.72, for a total value of $688,320.00. Following the completion of the sale, the chief financial officer owned 35,052 shares of the company’s stock, valued at approximately $4,021,165.44. The trade was a 14.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 211,810 shares of company stock worth $22,931,805 in the last 90 days. Corporate insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

AGYS has been the topic of a number of research reports. Weiss Ratings raised shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Piper Sandler raised their price target on shares of Agilysys from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Zacks Research lowered shares of Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. UBS Group set a $110.00 price objective on shares of Agilysys in a research note on Wednesday, June 3rd. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Agilysys presently has a consensus rating of “Moderate Buy” and a consensus 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.