Versor Investments LP Takes Position in Agilysys, Inc. $AGYS

Versor Investments LP purchased a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,527 shares of the software maker’s stock, valued at approximately $1,207,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Agilysys by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,228,018 shares of the software maker’s stock valued at $161,620,000 after acquiring an additional 18,744 shares during the period. Nuveen LLC bought a new stake in shares of Agilysys during the first quarter valued at about $80,730,000. Geneva Capital Management LLC raised its stake in shares of Agilysys by 6.7% during the second quarter. Geneva Capital Management LLC now owns 816,637 shares of the software maker’s stock valued at $93,619,000 after purchasing an additional 51,274 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Agilysys during the second quarter valued at about $58,993,000. Finally, Northern Trust Corp raised its stake in shares of Agilysys by 17.9% during the first quarter. Northern Trust Corp now owns 421,751 shares of the software maker’s stock valued at $30,594,000 after purchasing an additional 64,062 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AGYS. Needham & Company LLC lifted their price objective on shares of Agilysys from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. UBS Group set a $155.00 price objective on shares of Agilysys in a research note on Tuesday, October 28th. Wall Street Zen upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $140.00 price objective on shares of Agilysys in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Agilysys currently has a consensus rating of “Buy” and a consensus price target of $138.67.

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 dated Monday, October 27th. The shares were sold at an average price of $115.55, for a total value of $693,300.00. Following the sale, the chief financial officer directly owned 41,288 shares in the company, valued at approximately $4,770,828.40. The trade was a 12.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.60% of the company’s stock.

Agilysys Trading Down 3.2%

Shares of Agilysys stock opened at $125.46 on Monday. The company’s 50-day moving average price is $110.43 and its two-hundred day moving average price is $105.37. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $145.25. The stock has a market cap of $3.52 billion, a PE ratio of 145.89 and a beta of 0.61.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. The firm had revenue of $36.34 million for the quarter. On average, equities analysts predict that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Agilysys Profile

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.