Agilysys, Inc. $AGYS Stock: William Blair Investment Management LLC Reduces Holdings

William Blair Investment Management LLC reduced its position in Agilysys, Inc. (NASDAQ:AGYS) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 427,638 shares of the software maker’s stock after selling 5,966 shares during the quarter. William Blair Investment Management LLC’s holdings in Agilysys were worth $41,515,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of AGYS. Pinnacle Wealth Planning Services Inc. raised its stake in Agilysys by 36.0% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 393 shares of the software maker’s stock worth $38,000 after buying an additional 104 shares during the last quarter. Versant Capital Management Inc boosted its position in Agilysys by 123.9% during the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock valued at $44,000 after acquiring an additional 233 shares during the last quarter. Optiver Holding B.V. boosted its position in Agilysys by 700.0% during the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock valued at $32,000 after acquiring an additional 399 shares during the last quarter. MCF Advisors LLC grew its holdings in Agilysys by 120.3% during the 2nd quarter. MCF Advisors LLC now owns 478 shares of the software maker’s stock worth $50,000 after acquiring an additional 261 shares during the period. Finally, Covestor Ltd grew its holdings in Agilysys by 511.8% during the 3rd quarter. Covestor Ltd now owns 673 shares of the software maker’s stock worth $65,000 after acquiring an additional 563 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Price Performance

Shares of Agilysys stock traded up $0.35 during trading on Friday, reaching $121.94. 146,461 shares of the company traded hands, compared to its average volume of 324,116. The firm has a market capitalization of $3.44 billion, a PE ratio of 78.17, a P/E/G ratio of 3.32 and a beta of 0.40. Agilysys, Inc. has a 1-year low of $61.50 and a 1-year high of $129.52. The company has a 50 day moving average price of $109.78 and a 200-day moving average price of $92.90.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, October 26th. The software maker reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. Agilysys had a net margin of 12.88% and a return on equity of 12.98%. The business had revenue of $93.36 million during the quarter, compared to analysts’ expectations of $90.92 million. During the same period last year, the company posted $0.41 earnings per share. The business’s quarterly revenue was up 17.7% on a year-over-year basis. Equities research analysts expect that Agilysys, Inc. will post 1.83 earnings per share for the current year.

Insider Activity at Agilysys

In other news, Director John Mutch sold 750 shares of the firm’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $114.96, for a total value of $86,220.00. Following the completion of the sale, the director directly owned 31,627 shares in the company, valued at $3,635,839.92. This trade represents a 2.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Donald Colvin sold 3,000 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $125.25, for a total value of $375,750.00. Following the completion of the sale, the director directly owned 22,565 shares of the company’s stock, valued at $2,826,266.25. The trade was a 11.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 20,113 shares of company stock worth $2,334,739. 8.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on AGYS. Weiss Ratings raised Agilysys from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 30th. Cantor Fitzgerald restated an “overweight” rating on shares of Agilysys in a research report on Tuesday, July 28th. UBS Group set a $145.00 target price on Agilysys in a research note on Tuesday, October 27th. Needham & Company LLC lifted their target price on Agilysys from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, October 27th. Finally, Wall Street Zen raised Agilysys from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Agilysys has a consensus rating of “Moderate Buy” and an average price target of $141.25.

Agilysys Company Profile

Agilysys, Inc. develops software and technology solutions for the hospitality industry. Its products support hotels, resorts, casinos, restaurants, cruise lines, and other organizations that serve guests. The company’s offerings include property management and point-of-sale systems, as well as tools for inventory and procurement, guest engagement, payments, and operational analytics. Agilysys also provides implementation, support, and other services related to its software. Founded in 1963, Agilysys is headquartered in Alpharetta, Georgia, and serves hospitality businesses in North America and international markets.