Oppenheimer Asset Management Inc. Purchases Shares of 19,450 Agilysys, Inc. $AGYS

Oppenheimer Asset Management Inc. acquired a new position in Agilysys, Inc. (NASDAQ:AGYS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 19,450 shares of the software maker’s stock, valued at approximately $2,033,000. Oppenheimer Asset Management Inc. owned 0.07% of Agilysys as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in AGYS. Caitong International Asset Management Co. Ltd increased its stake in shares of Agilysys by 419.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after buying an additional 172 shares during the period. Optiver Holding B.V. lifted its stake in Agilysys by 700.0% in the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after acquiring an additional 399 shares during the period. Los Angeles Capital Management LLC bought a new stake in Agilysys in the fourth quarter valued at $34,000. Measured Wealth Private Client Group LLC bought a new stake in Agilysys in the third quarter valued at $43,000. Finally, Versant Capital Management Inc increased its position in Agilysys by 123.9% during the 2nd quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock valued at $44,000 after purchasing an additional 233 shares during the period. 88.00% of the stock is currently owned by institutional investors.

Agilysys Price Performance

Shares of Agilysys stock opened at $114.00 on Monday. Agilysys, Inc. has a 1 year low of $61.50 and a 1 year high of $145.25. The firm’s 50-day moving average is $102.27 and its 200 day moving average is $84.56. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 75.50 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 for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. The business had revenue of $87.68 million during the quarter, compared to analyst estimates of $85.97 million. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. Agilysys’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS. On average, equities analysts expect that Agilysys, Inc. will post 1.73 EPS for the current fiscal year.

Insider Buying and Selling at Agilysys

In related news, CEO Ramesh Srinivasan sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 610,044 shares of the company’s stock, valued at $65,976,258.60. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 197,410 shares of company stock worth $21,285,381 over the last ninety days. 8.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on AGYS shares. Oppenheimer restated an “outperform” rating and issued a $118.00 price objective on shares of Agilysys in a report on Tuesday, July 28th. Zacks Research lowered shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. UBS Group set a $110.00 price target on shares of Agilysys in a research report on Wednesday, June 3rd. Weiss Ratings raised shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Finally, Piper Sandler raised their price objective on shares of Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $124.60.

Agilysys Company 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.