Agilysys, Inc. $AGYS Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 81.9% during the first quarter, HoldingsChannel reports. The fund owned 11,910 shares of the software maker’s stock after selling 53,926 shares during the quarter. Janus Henderson Group PLC’s holdings in Agilysys were worth $848,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised its stake 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 valued at $25,000 after purchasing an additional 172 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Agilysys during the fourth quarter worth about $34,000. Measured Wealth Private Client Group LLC acquired a new position in Agilysys in the third quarter worth about $43,000. Smartleaf Asset Management LLC grew its stake in Agilysys by 71.3% in the second quarter. Smartleaf Asset Management LLC now owns 632 shares of the software maker’s stock worth $71,000 after purchasing an additional 263 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Agilysys by 33.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 639 shares of the software maker’s stock valued at $81,000 after buying an additional 161 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AGYS has been the topic of several research reports. Needham & Company LLC upped their price objective on Agilysys from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 13th. UBS Group set a $110.00 price target on Agilysys in a report on Wednesday, June 3rd. Oppenheimer reaffirmed an “outperform” rating and issued a $118.00 price objective on shares of Agilysys in a report on Tuesday, July 28th. Finally, Piper Sandler boosted their target price on shares of Agilysys from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Agilysys has an average rating of “Moderate Buy” and a consensus target price of $124.60.

Agilysys Price Performance

Shares of NASDAQ AGYS opened at $106.98 on Tuesday. Agilysys, Inc. has a 1-year low of $61.50 and a 1-year high of $145.25. The business’s fifty day moving average price is $100.53 and its two-hundred day moving average price is $84.52. The firm has a market capitalization of $3.02 billion, a PE ratio of 70.85 and a beta of 0.37.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, July 27th. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $85.97 million. During the same period last year, the business posted $0.33 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities research analysts expect that Agilysys, Inc. will post 1.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Agilysys

In related news, CEO Ramesh Srinivasan sold 25,000 shares of Agilysys stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $108.15, for a total value of $2,703,750.00. Following the sale, the chief executive officer directly owned 610,044 shares in the company, valued at $65,976,258.60. This trade represents a 3.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 197,410 shares of company stock valued at $21,285,381. 8.70% of the stock is owned by company insiders.

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.