GSA Capital Partners LLP Buys Shares of 7,742 Agilysys, Inc. $AGYS

GSA Capital Partners LLP purchased a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS) in the second quarter, according to its most recent filing with the SEC. The firm purchased 7,742 shares of the software maker’s stock, valued at approximately $809,000.

Several other institutional investors have also modified their holdings of AGYS. Caitong International Asset Management Co. Ltd increased 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 in the last quarter. Optiver Holding B.V. raised its holdings in Agilysys by 700.0% during the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after purchasing an additional 399 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Agilysys during the fourth quarter worth $34,000. Measured Wealth Private Client Group LLC purchased a new stake in Agilysys during the third quarter worth $43,000. Finally, Versant Capital Management Inc grew its holdings in Agilysys by 123.9% in the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock valued at $44,000 after purchasing an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AGYS shares. Zacks Research downgraded Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a research note on Tuesday, July 28th. UBS Group set a $110.00 target price on shares of Agilysys in a report on Wednesday, June 3rd. Oppenheimer restated an “outperform” rating and set a $118.00 target price on shares of Agilysys in a research report on Tuesday, July 28th. Finally, Needham & Company LLC upped their price target on shares of Agilysys from $130.00 to $135.00 and gave the company a “buy” rating in a report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Agilysys presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.60.

Agilysys Trading Up 0.6%

NASDAQ:AGYS opened at $111.96 on Wednesday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 74.15 and a beta of 0.37. The company’s 50-day moving average is $103.15 and its two-hundred day moving average is $84.89. Agilysys, Inc. has a 12-month low of $61.50 and a 12-month high of $145.25.

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

Insider Transactions at Agilysys

In other Agilysys news, CEO Ramesh Srinivasan sold 25,000 shares of Agilysys stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 610,044 shares of the company’s stock, valued at approximately $65,976,258.60. The trade was a 3.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 197,410 shares of company stock worth $21,285,381 in the last quarter. 8.70% of the stock is currently owned by company insiders.

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.