Stephens Investment Management Group LLC Increases Position in Agilysys, Inc. $AGYS

Stephens Investment Management Group LLC lifted its stake in Agilysys, Inc. (NASDAQ:AGYS) by 24.3% during the first quarter, HoldingsChannel.com reports. The firm owned 162,811 shares of the software maker’s stock after purchasing an additional 31,857 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Agilysys were worth $11,582,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AGYS. Caitong International Asset Management Co. Ltd raised its position in shares of Agilysys by 419.5% in the 4th 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 last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Agilysys during the fourth quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC bought a new position in Agilysys in the 3rd quarter valued at approximately $43,000. Advisors Asset Management Inc. boosted its stake in Agilysys by 30.1% during 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 last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Agilysys by 31.1% in the fourth quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock worth $66,000 after purchasing an additional 131 shares during the last quarter. 88.00% of the stock is owned by institutional investors.

Agilysys Price Performance

Shares of AGYS stock opened at $110.81 on Monday. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 81.48 and a beta of 0.37. The company’s fifty day moving average price is $83.02 and its 200-day moving average price is $86.58. Agilysys, Inc. has a one year low of $61.50 and a one year high of $145.25.

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

Analyst Ratings Changes

AGYS has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Agilysys in a research note on Tuesday, May 19th. Oppenheimer raised their price target on Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. UBS Group set a $110.00 target price on Agilysys in a research report on Wednesday, June 3rd. Piper Sandler began coverage on shares of Agilysys in a research note on Tuesday, June 2nd. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Agilysys presently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

About Agilysys

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.