Deutsche Bank AG Acquires New Position in Agilysys, Inc. $AGYS

Deutsche Bank AG bought a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 206,636 shares of the software maker’s stock, valued at approximately $21,593,000. Deutsche Bank AG owned 0.73% of Agilysys as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Capital Research Global Investors bought a new position in shares of Agilysys in the fourth quarter worth $104,878,000. Wellington Management Group LLP lifted its holdings 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. Wasatch Advisors LP boosted 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 worth $67,848,000 after purchasing an additional 236,373 shares during the period. Bank of New York Mellon Corp purchased a new position in Agilysys during the 2nd quarter valued at about $20,302,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Agilysys by 125.0% during the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after buying an additional 184,402 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Insider Buying and Selling

In other Agilysys news, CFO William David Wood III sold 6,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $114.72, for a total value of $688,320.00. Following the sale, the chief financial officer directly owned 35,052 shares of the company’s stock, valued at approximately $4,021,165.44. The trade was a 14.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kyle C. Badger sold 8,400 shares of the 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 completion of the sale, the senior vice president directly owned 75,037 shares in the company, valued at approximately $8,558,720.22. This represents a 10.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 211,810 shares of company stock worth $22,931,805 in the last three months. 8.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on AGYS. Zacks Research downgraded shares of Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Piper Sandler increased their price objective on Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. UBS Group set a $110.00 price objective on Agilysys in a research note on Wednesday, June 3rd. Cantor Fitzgerald restated an “overweight” rating on shares of Agilysys in a research report on Tuesday, July 28th. Finally, Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.60.

Agilysys Stock Performance

AGYS opened at $113.80 on Friday. The stock has a market capitalization of $3.21 billion, a PE ratio of 75.36 and a beta of 0.37. The stock’s 50 day moving average price is $104.56 and its 200-day moving average price is $85.50. Agilysys, Inc. has a 52-week low of $61.50 and a 52-week high of $145.25.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, July 27th. The software maker reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The firm had revenue of $87.68 million for the quarter, compared to analyst estimates of $85.97 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. Research analysts forecast that Agilysys, Inc. will post 1.73 EPS for the current fiscal year.

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.