Agilysys, Inc. $AGYS Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp increased its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1,447.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,776 shares of the software maker’s stock after purchasing an additional 71,813 shares during the quarter. Fifth Third Bancorp’s holdings in Agilysys were worth $5,462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its holdings in Agilysys by 419.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after purchasing an additional 172 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Agilysys in the fourth quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Agilysys during the third quarter valued at approximately $43,000. GAMMA Investing LLC boosted its position in Agilysys by 31.1% during the fourth quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock worth $66,000 after acquiring an additional 131 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Agilysys by 71.3% during the second quarter. Smartleaf Asset Management LLC now owns 632 shares of the software maker’s stock worth $71,000 after acquiring an additional 263 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Price Performance

Shares of AGYS stock opened at $106.68 on Friday. Agilysys, Inc. has a 12 month low of $61.50 and a 12 month high of $145.25. The firm has a market capitalization of $3.01 billion, a P/E ratio of 78.44 and a beta of 0.37. The company’s fifty day moving average price is $91.24 and its two-hundred day moving average price is $85.93.

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

Wall Street Analysts Forecast Growth

AGYS has been the subject of several recent analyst reports. Oppenheimer lifted their target price on shares of Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Piper Sandler initiated coverage on Agilysys in a report on Tuesday, June 2nd. They set an “overweight” rating and a $110.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Agilysys in a research report on Tuesday, May 19th. Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Finally, Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

Agilysys 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.