13,586 Shares in Agilysys, Inc. $AGYS Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in Agilysys, Inc. (NASDAQ:AGYS) during the second quarter, Holdings Channel reports. The fund bought 13,586 shares of the software maker’s stock, valued at approximately $1,420,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings 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 period. Optiver Holding B.V. raised its holdings in Agilysys by 700.0% in the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock valued at $32,000 after buying an additional 399 shares during the period. Los Angeles Capital Management LLC purchased a new position in Agilysys in the fourth quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC acquired a new position in Agilysys during the third quarter valued at approximately $43,000. Finally, Versant Capital Management Inc grew its stake in Agilysys by 123.9% during the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock worth $44,000 after buying an additional 233 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Agilysys

In other news, SVP Kyle C. Badger sold 8,400 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $114.06, for a total value of $958,104.00. Following the completion of the sale, the senior vice president owned 75,037 shares of the company’s stock, valued at approximately $8,558,720.22. The trade was a 10.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William Wood, III sold 6,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $114.72, for a total transaction of $688,320.00. Following the completion of the sale, the chief financial officer owned 35,052 shares in the company, valued at approximately $4,021,165.44. This trade represents a 14.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 212,812 shares of company stock valued at $23,046,675. Insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AGYS. Weiss Ratings raised shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. UBS Group set a $110.00 price objective on Agilysys in a research note on Wednesday, June 3rd. Needham & Company LLC raised their target price on Agilysys from $130.00 to $135.00 and gave the company a “buy” rating in a report on Monday, August 10th. Oppenheimer restated an “outperform” rating and issued a $118.00 price target on shares of Agilysys in a report on Tuesday, July 28th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a research note on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.60.

Agilysys Stock Up 0.6%

Shares of NASDAQ AGYS opened at $114.15 on Friday. Agilysys, Inc. has a fifty-two week low of $61.50 and a fifty-two week high of $145.25. The business has a 50 day moving average price of $109.35 and a two-hundred day moving average price of $87.41. The firm has a market cap of $3.22 billion, a PE ratio of 75.60 and a beta of 0.38.

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

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.