Royce & Associates LP Cuts Position in Agilysys, Inc. $AGYS

Royce & Associates LP cut its stake in Agilysys, Inc. (NASDAQ:AGYS) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 189,188 shares of the software maker’s stock after selling 16,249 shares during the quarter. Royce & Associates LP’s holdings in Agilysys were worth $22,483,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AGYS. Measured Wealth Private Client Group LLC purchased a new stake in shares of Agilysys during the 3rd quarter valued at $43,000. Bessemer Group Inc. lifted its holdings in shares of Agilysys by 194.3% during the 3rd quarter. Bessemer Group Inc. now owns 412 shares of the software maker’s stock valued at $44,000 after purchasing an additional 272 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Agilysys by 30.1% during the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after purchasing an additional 159 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Agilysys during the 3rd quarter valued at $52,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Agilysys by 31.1% during the 4th quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock valued at $66,000 after purchasing an additional 131 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Price Performance

NASDAQ AGYS opened at $79.25 on Wednesday. The stock’s fifty day moving average price is $69.74 and its 200 day moving average price is $92.99. Agilysys, Inc. has a 1 year low of $61.50 and a 1 year high of $145.25. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 58.27 and a beta of 0.30.

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AGYS shares. Oppenheimer increased their price objective on Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Zacks Research upgraded Agilysys from a “strong sell” rating to a “hold” rating in a report on Thursday, February 26th. Weiss Ratings lowered Agilysys from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Wall Street Zen lowered Agilysys from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 price objective on shares of Agilysys in a report on Tuesday, May 19th. Four research 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, the company currently has a consensus rating of “Hold” and a consensus price target of $128.75.

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.