Roubaix Capital LLC Grows Stock Position in Agilysys, Inc. $AGYS

Roubaix Capital LLC raised its position in Agilysys, Inc. (NASDAQ:AGYS) by 25.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,544 shares of the software maker’s stock after buying an additional 15,301 shares during the quarter. Agilysys comprises about 2.5% of Roubaix Capital LLC’s holdings, making the stock its 17th largest position. Roubaix Capital LLC’s holdings in Agilysys were worth $5,374,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AGYS. Capital Research Global Investors purchased a new position in shares of Agilysys during the 4th quarter valued at $104,878,000. Wellington Management Group LLP increased its holdings in Agilysys by 75.9% in the 3rd quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock worth $72,675,000 after acquiring an additional 297,846 shares during the last quarter. Wasatch Advisors LP increased its holdings in Agilysys by 33.0% in the 1st quarter. Wasatch Advisors LP now owns 953,730 shares of the software maker’s stock worth $67,848,000 after acquiring an additional 236,373 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Agilysys by 125.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after acquiring an additional 184,402 shares during the period. Finally, Jennison Associates LLC raised its stake in Agilysys by 64.8% in the 1st quarter. Jennison Associates LLC now owns 365,580 shares of the software maker’s stock valued at $26,007,000 after acquiring an additional 143,789 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Oppenheimer lifted their target price on shares of Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a research report on Wednesday, June 17th. Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 3rd. Finally, UBS Group set a $110.00 price objective on shares of Agilysys in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $116.00.

Agilysys Stock Performance

Shares of AGYS opened at $106.68 on Friday. Agilysys, Inc. has a 52-week low of $61.50 and a 52-week high of $145.25. The stock’s 50-day simple moving average is $91.24 and its 200 day simple moving average is $85.93. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 78.44 and a beta of 0.37.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, May 18th. The software maker reported $0.63 earnings per share 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 during the quarter, compared to analyst estimates of $81.56 million. During the same quarter in the previous year, the firm earned $0.54 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts forecast that Agilysys, Inc. will post 1.77 earnings per share for the current fiscal 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.