William Blair Investment Management LLC Purchases 51,632 Shares of Agilysys, Inc. $AGYS

William Blair Investment Management LLC lifted its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 10.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 566,222 shares of the software maker’s stock after purchasing an additional 51,632 shares during the quarter. William Blair Investment Management LLC owned approximately 2.02% of Agilysys worth $59,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its stake in shares of Agilysys by 30.1% in the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after buying an additional 159 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Agilysys by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker’s stock worth $972,000 after purchasing an additional 569 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Agilysys by 125.0% during the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after purchasing an additional 184,402 shares during the period. Jane Street Group LLC boosted its holdings in Agilysys by 1,025.2% during the first quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock valued at $2,738,000 after purchasing an additional 34,395 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Agilysys by 4.0% during the second quarter. Teacher Retirement System of Texas now owns 4,035 shares of the software maker’s stock valued at $463,000 after purchasing an additional 154 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AGYS. Wall Street Zen cut Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Needham & Company LLC lowered their price target on Agilysys from $140.00 to $120.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. BTIG Research started coverage on Agilysys in a research note on Tuesday, December 16th. They set a “neutral” rating for the company. Oppenheimer boosted their target price on shares of Agilysys from $130.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Finally, Zacks Research raised shares of Agilysys from a “strong sell” rating to a “hold” rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.40.

Agilysys Stock Performance

Agilysys stock opened at $72.17 on Monday. The business’s fifty day moving average is $99.63 and its two-hundred day moving average is $109.95. 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 52 week low of $63.71 and a 52 week high of $145.25.

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

Insider Buying and Selling

In other news, Director Melvin L. Keating bought 300 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was bought at an average cost of $83.62 per share, with a total value of $25,086.00. Following the purchase, the director owned 35,007 shares of the company’s stock, valued at approximately $2,927,285.34. This represents a 0.86% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 8.60% of the company’s stock.

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.