State of Wyoming Takes Position in Agilysys, Inc. $AGYS

State of Wyoming bought a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 4,763 shares of the software maker’s stock, valued at approximately $498,000.

Several other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its stake in 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 during the period. Los Angeles Capital Management LLC bought a new position in Agilysys during the 4th quarter worth $34,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Agilysys during the third quarter worth $43,000. Versant Capital Management Inc lifted its holdings in shares of Agilysys by 123.9% during the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock worth $44,000 after buying an additional 233 shares in the last quarter. Finally, Optiver Holding B.V. boosted its position in shares of Agilysys by 700.0% in the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock valued at $32,000 after acquiring an additional 399 shares during the period. 88.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on AGYS. Oppenheimer restated an “outperform” rating and issued a $118.00 price target on shares of Agilysys in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th. Zacks Research lowered shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, UBS Group set a $110.00 target price on shares of Agilysys in a research report on Wednesday, June 3rd. Five investment 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 stock has an average rating of “Moderate Buy” and an average target price of $124.60.

Agilysys Trading Down 2.3%

AGYS stock opened at $111.33 on Tuesday. The stock has a market capitalization of $3.14 billion, a P/E ratio of 73.73 and a beta of 0.37. Agilysys, Inc. has a 12 month low of $61.50 and a 12 month high of $145.25. The firm has a 50-day moving average price of $102.71 and a 200-day moving average price of $84.70.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, July 27th. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.09. The company had revenue of $87.68 million for the quarter, compared to analyst estimates of $85.97 million. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. As a group, equities analysts predict that Agilysys, Inc. will post 1.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Agilysys news, CEO Ramesh Srinivasan sold 106,205 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $106.62, for a total value of $11,323,577.10. Following the sale, the chief executive officer owned 635,044 shares in the company, valued at $67,708,391.28. This trade represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 197,410 shares of company stock valued at $21,285,381. 8.70% of the stock is owned by corporate 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.