Penn Capital Management Company LLC Sells 16,428 Shares of Agilysys, Inc. $AGYS

Penn Capital Management Company LLC reduced its position in Agilysys, Inc. (NASDAQ:AGYS) by 10.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 139,024 shares of the software maker’s stock after selling 16,428 shares during the period. Agilysys accounts for about 1.3% of Penn Capital Management Company LLC’s portfolio, making the stock its 23rd largest position. Penn Capital Management Company LLC’s holdings in Agilysys were worth $16,563,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Agilysys in the 3rd quarter valued at about $43,000. Bessemer Group Inc. boosted its holdings in shares of Agilysys by 194.3% in the 3rd quarter. Bessemer Group Inc. now owns 412 shares of the software maker’s stock valued at $44,000 after buying an additional 272 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings 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. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Agilysys in the 3rd quarter valued at about $52,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Agilysys by 31.1% in the 4th quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock valued at $66,000 after buying an additional 131 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on AGYS. Zacks Research upgraded shares of Agilysys from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Oppenheimer raised their price target on shares of Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Wall Street Zen cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings cut shares of Agilysys from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Agilysys in a report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $128.75.

Agilysys Stock Down 0.7%

AGYS stock opened at $79.25 on Wednesday. The firm has a 50 day moving average of $69.74 and a 200 day moving average of $92.99. The stock has a market capitalization of $2.23 billion, a PE ratio of 58.27 and a beta of 0.30. Agilysys, Inc. has a 52 week low of $61.50 and a 52 week high of $145.25.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, May 18th. The software maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $82.95 million during the quarter, compared to analysts’ expectations of $81.56 million. Agilysys had a net margin of 12.15% and a return on equity of 11.07%. Agilysys’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. On average, equities research analysts expect that Agilysys, Inc. will post 1.61 earnings per share for the current year.

About Agilysys

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.