First Trust Advisors LP Boosts Stock Holdings in Agilysys, Inc. $AGYS

First Trust Advisors LP grew its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 59.1% during the first quarter, Holdings Channel reports. The institutional investor owned 43,660 shares of the software maker’s stock after purchasing an additional 16,212 shares during the quarter. First Trust Advisors LP’s holdings in Agilysys were worth $3,106,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in Agilysys by 419.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after acquiring an additional 172 shares during the period. Los Angeles Capital Management LLC purchased a new position in Agilysys in the 4th quarter worth approximately $34,000. Measured Wealth Private Client Group LLC bought a new stake in Agilysys in the third quarter valued at approximately $43,000. Advisors Asset Management Inc. lifted its position in Agilysys by 30.1% in the first 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. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Agilysys by 71.3% during the second quarter. Smartleaf Asset Management LLC now owns 632 shares of the software maker’s stock valued at $71,000 after purchasing an additional 263 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AGYS. UBS Group set a $110.00 target price on shares of Agilysys in a report on Wednesday, June 3rd. Oppenheimer reissued an “outperform” rating and set a $118.00 price target on shares of Agilysys in a research report on Tuesday, July 28th. Piper Sandler raised their price target on shares of Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 13th. Finally, Needham & Company LLC upped their price objective on shares of Agilysys from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Agilysys presently has a consensus rating of “Moderate Buy” and an average target price of $123.60.

Agilysys Stock Down 2.9%

Shares of Agilysys stock opened at $107.58 on Friday. The company has a market cap of $3.03 billion, a PE ratio of 71.25 and a beta of 0.37. The business has a 50 day moving average of $99.82 and a 200 day moving average of $84.56. Agilysys, Inc. has a 52 week low of $61.50 and a 52 week high of $145.25.

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

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.