Langdon Equity Partners Buys Shares of 95,760 Agilysys, Inc. $AGYS

Langdon Equity Partners bought a new stake in Agilysys, Inc. (NASDAQ:AGYS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 95,760 shares of the software maker’s stock, valued at approximately $12,448,000. Agilysys makes up approximately 6.4% of Langdon Equity Partners’ investment portfolio, making the stock its 8th biggest holding. Langdon Equity Partners owned approximately 0.34% of Agilysys at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in Agilysys in the fourth quarter valued at about $446,000. Caitong International Asset Management Co. Ltd boosted its stake 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 acquiring an additional 172 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Agilysys by 1.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,819 shares of the software maker’s stock worth $5,445,000 after acquiring an additional 460 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Agilysys by 16.4% during the 4th quarter. Wells Fargo & Company MN now owns 64,848 shares of the software maker’s stock worth $7,707,000 after acquiring an additional 9,118 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Agilysys by 7.2% during the 4th quarter. Lord Abbett & CO. LLC now owns 211,050 shares of the software maker’s stock worth $25,081,000 after acquiring an additional 14,178 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AGYS. Oppenheimer upped their price target on Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Weiss Ratings upgraded Agilysys from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Zacks Research upgraded Agilysys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 3rd. UBS Group set a $110.00 price target on Agilysys in a research note on Wednesday, June 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of Agilysys in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.00.

Agilysys Stock Performance

NASDAQ AGYS opened at $90.64 on Friday. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $145.25. The stock has a market capitalization of $2.55 billion, a PE ratio of 66.65 and a beta of 0.41. The stock has a 50-day simple moving average of $74.45 and a 200 day simple moving average of $89.86.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, May 18th. The software maker reported $0.63 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $81.56 million. During the same quarter 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, equities research analysts forecast that Agilysys, Inc. will post 1.77 EPS for the current fiscal year.

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.