Peregrine Capital Management LLC Boosts Stake in Agilysys, Inc. $AGYS

Peregrine Capital Management LLC lifted its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,447 shares of the software maker’s stock after buying an additional 10,087 shares during the period. Peregrine Capital Management LLC owned approximately 0.40% of Agilysys worth $13,482,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Agilysys by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,375,895 shares of the software maker’s stock valued at $250,063,000 after acquiring an additional 76,886 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Agilysys by 5.3% during the second quarter. Wasatch Advisors LP now owns 1,004,918 shares of the software maker’s stock valued at $115,204,000 after purchasing an additional 50,536 shares during the last quarter. Wellington Management Group LLP lifted its position in Agilysys by 75.9% during the third quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock valued at $72,675,000 after purchasing an additional 297,846 shares during the period. Artisan Partners Limited Partnership boosted its holdings in Agilysys by 2.3% in the third quarter. Artisan Partners Limited Partnership now owns 644,199 shares of the software maker’s stock worth $67,802,000 after purchasing an additional 14,308 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in Agilysys by 10.0% in the third quarter. William Blair Investment Management LLC now owns 566,222 shares of the software maker’s stock worth $59,595,000 after purchasing an additional 51,632 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AGYS shares. Wall Street Zen cut Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Zacks Research raised Agilysys from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Agilysys in a research report on Wednesday, January 21st. Needham & Company LLC dropped their target price on Agilysys from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Finally, Oppenheimer cut their price target on Agilysys from $140.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Agilysys has an average rating of “Moderate Buy” and an average target price of $131.40.

Insider Buying and Selling at Agilysys

In related news, Director Melvin L. Keating acquired 300 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was bought at an average cost of $83.62 per share, for a total transaction of $25,086.00. Following the purchase, the director owned 35,007 shares in the company, valued at $2,927,285.34. The trade was a 0.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders bought 1,000 shares of company stock worth $77,669. 8.60% of the stock is owned by insiders.

Agilysys Price Performance

Shares of NASDAQ:AGYS traded down $4.32 during midday trading on Thursday, hitting $64.17. The company had a trading volume of 15,367 shares, compared to its average volume of 327,376. Agilysys, Inc. has a 12-month low of $61.50 and a 12-month high of $145.25. The company has a fifty day moving average of $71.95 and a two-hundred day moving average of $100.24. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 60.37 and a beta of 0.43.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, January 26th. The software maker reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.04). The company had revenue of $80.39 million for the quarter, compared to analysts’ expectations of $79.07 million. Agilysys had a net margin of 9.79% and a return on equity of 10.71%. Agilysys’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. Research analysts expect that Agilysys, Inc. will post 1.09 earnings per share for the current fiscal year.

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.