Agilysys, Inc. $AGYS Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 61.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,333 shares of the software maker’s stock after selling 18,144 shares during the quarter. Intech Investment Management LLC’s holdings in Agilysys were worth $1,347,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AGYS. Wellington Management Group LLP lifted its holdings in shares of Agilysys by 75.9% in the 3rd quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock valued at $72,675,000 after buying an additional 297,846 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Agilysys by 125.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after buying an additional 184,402 shares during the period. Millennium Management LLC lifted its holdings in shares of Agilysys by 426.9% in the 3rd quarter. Millennium Management LLC now owns 117,861 shares of the software maker’s stock valued at $12,405,000 after buying an additional 95,494 shares during the period. Sei Investments Co. lifted its holdings in shares of Agilysys by 205.5% in the 2nd quarter. Sei Investments Co. now owns 129,948 shares of the software maker’s stock valued at $14,897,000 after buying an additional 87,416 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Agilysys by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,375,895 shares of the software maker’s stock valued at $250,063,000 after buying an additional 76,886 shares during the period. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Price Performance

NASDAQ AGYS opened at $88.52 on Friday. Agilysys, Inc. has a 1-year low of $61.50 and a 1-year high of $145.25. The company has a market capitalization of $2.49 billion, a P/E ratio of 65.09 and a beta of 0.41. The business has a 50 day moving average price of $72.51 and a 200 day moving average price of $90.99.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, May 18th. The software maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.12. The firm had revenue of $82.95 million during the quarter, compared to the consensus estimate of $81.56 million. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.Agilysys’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. On average, research analysts expect that Agilysys, Inc. will post 1.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

AGYS has been the subject of several research analyst reports. Weiss Ratings downgraded Agilysys from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Piper Sandler initiated coverage on Agilysys in a research note on Tuesday. They issued an “overweight” rating and a $110.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Agilysys in a research note on Tuesday, May 19th. Oppenheimer raised their price objective on Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Finally, UBS Group set a $110.00 price objective on Agilysys in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

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.