GSA Capital Partners LLP Makes New Investment in Agilysys, Inc. $AGYS

GSA Capital Partners LLP purchased a new stake in Agilysys, Inc. (NASDAQ:AGYS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,742 shares of the software maker’s stock, valued at approximately $809,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Agilysys by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock worth $286,160,000 after acquiring an additional 32,052 shares during the last quarter. Wasatch Advisors LP grew its holdings in Agilysys by 5.3% during the 2nd quarter. Wasatch Advisors LP now owns 1,004,918 shares of the software maker’s stock valued at $115,204,000 after purchasing an additional 50,536 shares in the last quarter. State Street Corp grew its stake in shares of Agilysys by 0.5% during the fourth quarter. State Street Corp now owns 1,003,062 shares of the software maker’s stock valued at $119,204,000 after acquiring an additional 4,516 shares in the last quarter. Capital Research Global Investors acquired a new stake in Agilysys during the 4th quarter valued at approximately $104,878,000. Finally, Wellington Management Group LLP increased its stake in shares of Agilysys by 75.9% in the third quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock worth $72,675,000 after buying an additional 297,846 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on AGYS. Oppenheimer reissued an “outperform” rating and issued a $118.00 price objective on shares of Agilysys in a report on Tuesday, July 28th. Needham & Company LLC raised their price objective on Agilysys from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Weiss Ratings upgraded shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Zacks Research cut shares of Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, UBS Group set a $110.00 price target on shares of Agilysys in a research report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.60.

Agilysys Stock Performance

AGYS stock opened at $111.96 on Wednesday. Agilysys, Inc. has a 1 year low of $61.50 and a 1 year high of $145.25. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 74.15 and a beta of 0.37. The stock’s fifty day moving average is $103.15 and its two-hundred day moving average is $84.89.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, July 27th. The software maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.40 by $0.09. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The business had revenue of $87.68 million during the quarter, compared to analyst estimates of $85.97 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, analysts predict that Agilysys, Inc. will post 1.73 EPS for the current fiscal year.

Insider Transactions at Agilysys

In related news, CEO Ramesh Srinivasan sold 106,205 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $106.62, for a total value of $11,323,577.10. Following the completion of the transaction, the chief executive officer directly owned 635,044 shares of the company’s stock, valued at $67,708,391.28. This represents a 14.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 197,410 shares of company stock valued at $21,285,381. Corporate insiders own 8.70% of the company’s stock.

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.