Wasatch Advisors LP Buys 236,373 Shares of Agilysys, Inc. $AGYS

Wasatch Advisors LP boosted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 33.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 953,730 shares of the software maker’s stock after purchasing an additional 236,373 shares during the period. Wasatch Advisors LP’s holdings in Agilysys were worth $67,848,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its position in shares of Agilysys by 419.5% during the 4th 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 last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Agilysys during the 4th quarter worth approximately $34,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Agilysys in the 3rd quarter valued at approximately $43,000. GAMMA Investing LLC boosted its holdings in shares of Agilysys by 31.1% in the 4th quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock valued at $66,000 after buying an additional 131 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Agilysys by 71.3% in the second quarter. Smartleaf Asset Management LLC now owns 632 shares of the software maker’s stock valued at $71,000 after buying an additional 263 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AGYS. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Agilysys in a report on Tuesday, May 19th. UBS Group set a $110.00 price target on shares of Agilysys in a research note on Wednesday, June 3rd. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a research report on Wednesday, June 17th. Weiss Ratings raised shares of Agilysys from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Finally, Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $116.00.

Agilysys Stock Up 5.2%

AGYS opened at $102.58 on Friday. Agilysys, Inc. has a 12-month low of $61.50 and a 12-month high of $145.25. The business has a 50 day moving average of $79.05 and a 200-day moving average of $87.46. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 75.43 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 for the quarter, topping 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 business had revenue of $82.95 million for the quarter, compared to analyst estimates of $81.56 million. During the same period in the previous year, the firm earned $0.54 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. As a group, analysts expect that Agilysys, Inc. will post 1.77 earnings per share for the current 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.