Intech Investment Management LLC Increases Stake in Agilysys, Inc. $AGYS

Intech Investment Management LLC lifted its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 87.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 87,974 shares of the software maker’s stock after purchasing an additional 41,105 shares during the period. Intech Investment Management LLC owned about 0.31% of Agilysys worth $10,085,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AGYS. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Agilysys by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker’s stock valued at $102,000 after purchasing an additional 141 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Agilysys during the 1st quarter valued at $1,078,000. Envestnet Asset Management Inc. raised its holdings in Agilysys by 32.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 140,646 shares of the software maker’s stock valued at $10,202,000 after buying an additional 34,660 shares during the last quarter. Versor Investments LP purchased a new stake in Agilysys during the 2nd quarter valued at $1,207,000. Finally, Mutual of America Capital Management LLC grew its holdings in Agilysys by 48.9% in the 2nd quarter. Mutual of America Capital Management LLC now owns 64,774 shares of the software maker’s stock worth $7,426,000 after acquiring an additional 21,268 shares during the last quarter. 88.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen raised shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. UBS Group set a $155.00 price target on Agilysys in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Agilysys in a research report on Wednesday, October 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $140.00 price objective on shares of Agilysys in a research report on Tuesday, October 28th. Finally, Zacks Research raised Agilysys from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $138.67.

Agilysys Price Performance

Shares of AGYS opened at $129.50 on Friday. The company has a 50-day simple moving average of $114.04 and a two-hundred day simple moving average of $109.00. The firm has a market capitalization of $3.63 billion, a PE ratio of 150.58 and a beta of 0.66. Agilysys, Inc. has a one year low of $63.71 and a one year high of $145.25.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share (EPS) for the quarter. Agilysys had a return on equity of 11.22% and a net margin of 8.12%.The firm had revenue of $36.34 million during the quarter. Analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Chris J. Robertson sold 500 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $131.34, for a total value of $65,670.00. Following the completion of the transaction, the insider directly owned 687 shares in the company, valued at $90,230.58. This trade represents a 42.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sethuram Shivashankar sold 497 shares of Agilysys stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $124.64, for a total transaction of $61,946.08. Following the transaction, the insider directly owned 24,031 shares of the company’s stock, valued at approximately $2,995,223.84. This trade represents a 2.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,080 shares of company stock valued at $1,196,557 in the last 90 days. Corporate insiders own 8.60% of the company’s stock.

About Agilysys

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.