EFG International AG Makes New $4.65 Million Investment in Agilysys, Inc. $AGYS

EFG International AG purchased a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 44,508 shares of the software maker’s stock, valued at approximately $4,650,000.

Several other hedge funds have also recently added to or reduced their stakes in AGYS. BlackRock Inc. acquired a new position in shares of Agilysys in the second quarter worth $431,704,000. Capital Research Global Investors acquired a new stake in shares of Agilysys during the fourth quarter valued at $104,878,000. William Blair Investment Management LLC purchased a new stake in Agilysys during the 2nd quarter worth about $45,312,000. Wellington Management Group LLP increased its position in Agilysys by 75.9% during the 3rd quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock worth $72,675,000 after purchasing an additional 297,846 shares in the last quarter. Finally, Wasatch Advisors LP raised its stake in Agilysys by 33.0% in the 1st quarter. Wasatch Advisors LP now owns 953,730 shares of the software maker’s stock valued at $67,848,000 after purchasing an additional 236,373 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AGYS shares. Oppenheimer reaffirmed an “outperform” rating and set a $118.00 price target on shares of Agilysys in a research note on Tuesday, July 28th. Needham & Company LLC upped their price objective on shares of Agilysys from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Cantor Fitzgerald restated an “overweight” rating on shares of Agilysys in a research report on Tuesday, July 28th. Zacks Research cut shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.60.

Agilysys Price Performance

NASDAQ AGYS opened at $114.50 on Wednesday. Agilysys, Inc. has a 12 month low of $61.50 and a 12 month high of $145.25. The company has a 50-day moving average of $105.62 and a 200-day moving average of $85.88. The company has a market cap of $3.23 billion, a P/E ratio of 75.83 and a beta of 0.37.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.09. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The business had revenue of $87.68 million for the quarter, compared to analyst estimates of $85.97 million. During the same period in the prior year, the firm posted $0.33 EPS. The company’s revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts anticipate that Agilysys, Inc. will post 1.73 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Ramesh Srinivasan sold 106,205 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $106.62, for a total transaction of $11,323,577.10. Following the completion of the sale, the chief executive officer directly owned 635,044 shares of the company’s stock, valued at $67,708,391.28. The trade was a 14.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kyle C. Badger sold 8,400 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $114.06, for a total value of $958,104.00. Following the sale, the senior vice president owned 75,037 shares of the company’s stock, valued at approximately $8,558,720.22. The trade was a 10.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 211,810 shares of company stock valued at $22,931,805 over the last quarter. Company insiders own 8.70% of the company’s stock.

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.