Osterweis Capital Management Inc. Purchases New Shares in Agilysys, Inc. $AGYS

Osterweis Capital Management Inc. acquired a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 62,440 shares of the software maker’s stock, valued at approximately $6,525,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Agilysys by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock valued at $286,160,000 after purchasing an additional 32,052 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in Agilysys during the fourth quarter worth about $2,081,000. Jennison Associates LLC boosted its holdings in Agilysys by 20.7% during the fourth quarter. Jennison Associates LLC now owns 221,791 shares of the software maker’s stock worth $26,358,000 after buying an additional 38,007 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Agilysys by 107.2% during the 1st quarter. Quantinno Capital Management LP now owns 9,579 shares of the software maker’s stock worth $681,000 after buying an additional 4,955 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Agilysys by 59.1% during the 1st quarter. First Trust Advisors LP now owns 43,660 shares of the software maker’s stock worth $3,106,000 after buying an additional 16,212 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Trading Up 0.0%

AGYS opened at $113.82 on Tuesday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 75.38 and a beta of 0.37. Agilysys, Inc. has a 12 month low of $61.50 and a 12 month high of $145.25. The firm’s fifty day simple moving average is $105.08 and its 200 day simple moving average is $85.68.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, July 27th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.The firm had revenue of $87.68 million during the quarter, compared to analysts’ expectations of $85.97 million. During the same quarter in the prior year, the company earned $0.33 EPS. The company’s revenue was up 14.3% on a year-over-year basis. On average, equities research analysts predict that Agilysys, Inc. will post 1.73 EPS for the current fiscal year.

Insider Transactions at Agilysys

In related news, CFO William David Wood III sold 6,000 shares of Agilysys stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $114.72, for a total value of $688,320.00. Following the sale, the chief financial officer owned 35,052 shares of the company’s stock, valued at approximately $4,021,165.44. This trade represents a 14.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kyle C. Badger sold 8,400 shares of Agilysys stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $114.06, for a total value of $958,104.00. Following the completion of the sale, the senior vice president directly owned 75,037 shares in the company, valued at approximately $8,558,720.22. This represents a 10.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 211,810 shares of company stock valued at $22,931,805 over the last three months. Company insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 13th. Piper Sandler upped their target price on shares of Agilysys from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Zacks Research lowered shares of Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Oppenheimer reissued an “outperform” rating and set a $118.00 price target on shares of Agilysys in a research report on Tuesday, July 28th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, 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.