William Blair Investment Management LLC Has $59.60 Million Stake in Agilysys, Inc. $AGYS

William Blair Investment Management LLC boosted its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 10.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 566,222 shares of the software maker’s stock after acquiring an additional 51,632 shares during the quarter. William Blair Investment Management LLC’s holdings in Agilysys were worth $59,595,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AGYS. Quantbot Technologies LP acquired a new stake in Agilysys during the 3rd quarter worth $603,000. Artisan Partners Limited Partnership boosted its position in shares of Agilysys by 2.3% in the 3rd quarter. Artisan Partners Limited Partnership now owns 644,199 shares of the software maker’s stock worth $67,802,000 after purchasing an additional 14,308 shares during the last quarter. US Bancorp DE grew its stake in shares of Agilysys by 30.3% during the third quarter. US Bancorp DE now owns 3,667 shares of the software maker’s stock worth $386,000 after purchasing an additional 853 shares during the period. Vawter Financial Ltd. bought a new stake in Agilysys in the third quarter valued at about $360,000. Finally, Intrust Bank NA lifted its stake in Agilysys by 10.5% in the third quarter. Intrust Bank NA now owns 3,486 shares of the software maker’s stock valued at $367,000 after buying an additional 330 shares during the period. 88.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AGYS. Oppenheimer boosted their target price on Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Zacks Research upgraded shares of Agilysys from a “strong sell” rating to a “hold” rating in a report on Thursday. Needham & Company LLC lowered their target price on shares of Agilysys from $140.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th. UBS Group reissued a “buy” rating on shares of Agilysys in a research report on Monday, December 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Agilysys currently has an average rating of “Moderate Buy” and a consensus price target of $141.40.

Agilysys Stock Performance

Shares of AGYS opened at $72.17 on Monday. The firm has a market cap of $2.03 billion, a P/E ratio of 67.45 and a beta of 0.36. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $145.25. The firm’s 50 day moving average price is $99.63 and its two-hundred day moving average price is $109.95.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, January 26th. The software maker reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.04). The company had revenue of $80.39 million for the quarter, compared to the consensus estimate of $79.07 million. Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The firm’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. On average, sell-side analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Melvin L. Keating purchased 300 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were purchased at an average price of $83.62 per share, with a total value of $25,086.00. Following the purchase, the director directly owned 35,007 shares of the company’s stock, valued at $2,927,285.34. This trade represents a 0.86% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.60% of the stock is owned by corporate insiders.

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.