514,590 Shares in Agilysys, Inc. $AGYS Bought by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) in the second quarter, HoldingsChannel.com reports. The firm purchased 514,590 shares of the software maker’s stock, valued at approximately $58,993,000.

A number of other large investors have also recently bought and sold shares of AGYS. GAMMA Investing LLC grew its holdings in Agilysys by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock worth $35,000 after acquiring an additional 92 shares during the period. Advisors Asset Management Inc. grew its holdings in Agilysys by 30.1% during the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after acquiring an additional 159 shares during the period. AlphaQuest LLC grew its holdings in Agilysys by 2,026.0% during the 1st quarter. AlphaQuest LLC now owns 1,063 shares of the software maker’s stock worth $77,000 after acquiring an additional 1,013 shares during the period. Cloud Capital Management LLC acquired a new stake in Agilysys during the 1st quarter worth about $86,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Agilysys by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker’s stock worth $102,000 after acquiring an additional 141 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Agilysys in a report on Wednesday, October 8th. Zacks Research upgraded Agilysys from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Finally, Oppenheimer boosted their target price on Agilysys from $120.00 to $125.00 and gave the company an “outperform” rating in a research report on Tuesday, September 9th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Agilysys has a consensus rating of “Moderate Buy” and a consensus target price of $121.57.

Agilysys Stock Performance

Shares of Agilysys stock opened at $110.08 on Friday. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 220.16 and a beta of 0.61. The business has a 50-day simple moving average of $107.61 and a 200 day simple moving average of $101.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.11 and a quick ratio of 1.04.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. The business had revenue of $36.34 million during the quarter. Agilysys had a return on equity of 11.13% and a net margin of 4.85%. On average, research analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Agilysys Company Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.