Agilysys, Inc. $AGYS Stock Holdings Lifted by Granahan Investment Management LLC

Granahan Investment Management LLC increased its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 288.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,224 shares of the software maker’s stock after acquiring an additional 69,972 shares during the quarter. Granahan Investment Management LLC owned 0.34% of Agilysys worth $9,917,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC boosted its stake in Agilysys by 118.5% in the 3rd quarter. Global Retirement Partners LLC now owns 260 shares of the software maker’s stock worth $27,000 after purchasing an additional 141 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in Agilysys during the 2nd quarter valued at $30,000. Farther Finance Advisors LLC lifted its holdings in shares of Agilysys by 215.5% in the third quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker’s stock valued at $39,000 after purchasing an additional 250 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Agilysys by 38.0% in the third quarter. GAMMA Investing LLC now owns 421 shares of the software maker’s stock valued at $44,000 after purchasing an additional 116 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Agilysys by 194.3% in the third quarter. Bessemer Group Inc. now owns 412 shares of the software maker’s stock worth $44,000 after buying an additional 272 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Insider Buying and Selling at Agilysys

In other news, Director Melvin L. Keating purchased 300 shares of the business’s 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 directly owned 35,007 shares of the company’s stock, valued at approximately $2,927,285.34. This trade represents a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AGYS. Weiss Ratings reiterated a “hold (c)” rating on shares of Agilysys in a report on Wednesday, January 21st. Wall Street Zen downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Needham & Company LLC lowered their target price on Agilysys from $140.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Oppenheimer upped their target price on Agilysys from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Finally, UBS Group reissued a “buy” rating on shares of Agilysys in a research report on Monday, December 15th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.40.

Agilysys Trading Down 2.1%

NASDAQ AGYS opened at $68.49 on Monday. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $145.25. The company has a market capitalization of $1.93 billion, a PE ratio of 64.01 and a beta of 0.36. The firm’s fifty day simple moving average is $90.61 and its 200-day simple moving average is $107.66.

Agilysys (NASDAQ:AGYS) last announced 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). Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The firm had revenue of $80.39 million for the quarter, compared to analysts’ expectations of $79.07 million. During the same quarter in the prior year, the business posted $0.38 earnings per share. Agilysys’s revenue was up 15.6% on a year-over-year basis. As a group, analysts predict that Agilysys, Inc. will post 0.8 EPS 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.