Royce & Associates LP Reduces Position in Agilysys, Inc. $AGYS

Royce & Associates LP lessened its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,188 shares of the software maker’s stock after selling 16,249 shares during the period. Royce & Associates LP owned about 0.67% of Agilysys worth $22,483,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Agilysys by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock valued at $286,160,000 after purchasing an additional 32,052 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Agilysys by 5.3% in the second 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 during the period. Wellington Management Group LLP boosted its holdings 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 valued at $72,675,000 after purchasing an additional 297,846 shares during the period. Artisan Partners Limited Partnership boosted its holdings in shares of Agilysys by 2.3% in the third quarter. Artisan Partners Limited Partnership now owns 644,199 shares of the software maker’s stock valued at $67,802,000 after purchasing an additional 14,308 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in shares of Agilysys by 1.1% in the fourth quarter. William Blair Investment Management LLC now owns 572,600 shares of the software maker’s stock valued at $68,048,000 after purchasing an additional 6,378 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AGYS. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Agilysys in a report on Tuesday, May 19th. Oppenheimer boosted their price target on Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Weiss Ratings lowered Agilysys from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Wall Street Zen lowered Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Zacks Research upgraded Agilysys from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $128.75.

Agilysys Trading Down 0.7%

Shares of NASDAQ:AGYS opened at $79.25 on Wednesday. Agilysys, Inc. has a 12-month low of $61.50 and a 12-month high of $145.25. The business’s fifty day simple moving average is $69.74 and its 200-day simple moving average is $92.99. The company has a market capitalization of $2.23 billion, a PE ratio of 58.27 and a beta of 0.30.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, May 18th. The software maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.The business had revenue of $82.95 million for the quarter, compared to the consensus estimate of $81.56 million. During the same period last year, the business posted $0.54 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. Research analysts predict that Agilysys, Inc. will post 1.61 EPS for the current year.

Agilysys Company 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.