Peregrine Capital Management LLC Purchases 24,510 Shares of Agilysys, Inc. $AGYS

Peregrine Capital Management LLC raised its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 21.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 137,957 shares of the software maker’s stock after purchasing an additional 24,510 shares during the quarter. Peregrine Capital Management LLC’s holdings in Agilysys were worth $9,814,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AGYS. Caitong International Asset Management Co. Ltd raised 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 acquiring an additional 172 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Agilysys during the 4th quarter valued at about $34,000. Measured Wealth Private Client Group LLC purchased a new position in Agilysys during the 3rd quarter valued at about $43,000. Advisors Asset Management Inc. raised its position in Agilysys by 30.1% during the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after purchasing an additional 159 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Agilysys by 31.1% during the 4th quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock valued at $66,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Up 1.1%

NASDAQ AGYS opened at $104.50 on Wednesday. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $145.25. The firm has a market capitalization of $2.94 billion, a PE ratio of 76.84 and a beta of 0.41. The stock’s 50 day moving average is $80.49 and its 200 day moving average is $86.86.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, May 18th. The software maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The business 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%.The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, research analysts anticipate that Agilysys, Inc. will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AGYS shares. Cantor Fitzgerald reiterated 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. UBS Group set a $110.00 price objective on shares of Agilysys in a report on Wednesday, June 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Agilysys in a research report on Tuesday, May 19th. Finally, Oppenheimer lifted their target price on shares of Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $116.00.

About Agilysys

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.