Wasatch Advisors LP Has $67.85 Million Holdings in Agilysys, Inc. $AGYS

Wasatch Advisors LP boosted its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 33.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 953,730 shares of the software maker’s stock after acquiring an additional 236,373 shares during the period. Wasatch Advisors LP owned approximately 3.39% of Agilysys worth $67,848,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its position 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 worth $25,000 after purchasing an additional 172 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Agilysys in the 4th quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Agilysys in the 3rd quarter valued at approximately $43,000. Advisors Asset Management Inc. grew its position in shares of Agilysys by 30.1% in 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 period. Finally, GAMMA Investing LLC increased its stake in Agilysys by 31.1% during the 4th quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock worth $66,000 after purchasing an additional 131 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Stock Up 5.2%

NASDAQ:AGYS opened at $102.58 on Friday. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $145.25. The business has a 50 day moving average price of $79.05 and a two-hundred day moving average price of $87.46. The company has a market cap of $2.89 billion, a P/E ratio of 75.43 and a beta of 0.41.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, May 18th. The software maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.12. The company had revenue of $82.95 million during the quarter, compared to analysts’ expectations of $81.56 million. Agilysys had a net margin of 12.15% and a return on equity of 11.07%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. As a group, analysts anticipate that Agilysys, Inc. will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AGYS. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Agilysys in a research note on Wednesday, June 17th. UBS Group set a $110.00 price objective on shares of Agilysys in a research report on Wednesday, June 3rd. Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 3rd. Weiss Ratings upgraded shares of Agilysys from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Agilysys in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Agilysys currently has an average rating of “Moderate Buy” and an average price target of $116.00.

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.