American Century Companies Inc. Trims Position in Agilysys, Inc. $AGYS

American Century Companies Inc. trimmed its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.2% during the 3rd quarter, Holdings Channel reports. The firm owned 620,220 shares of the software maker’s stock after selling 7,440 shares during the period. American Century Companies Inc.’s holdings in Agilysys were worth $65,278,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AGYS. Vanguard Group Inc. increased its stake in Agilysys by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,375,895 shares of the software maker’s stock worth $250,063,000 after buying an additional 76,886 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of Agilysys by 5.3% in the second quarter. Wasatch Advisors LP now owns 1,004,918 shares of the software maker’s stock valued at $115,204,000 after acquiring an additional 50,536 shares in the last quarter. Brown Capital Management LLC boosted its stake in shares of Agilysys by 0.3% in the second quarter. Brown Capital Management LLC now owns 645,183 shares of the software maker’s stock worth $73,964,000 after acquiring an additional 1,854 shares during the period. Artisan Partners Limited Partnership grew its position in shares of Agilysys by 2.3% during the third quarter. Artisan Partners Limited Partnership now owns 644,199 shares of the software maker’s stock worth $67,802,000 after purchasing an additional 14,308 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Agilysys by 8.0% during the second quarter. Geode Capital Management LLC now owns 607,664 shares of the software maker’s stock worth $69,670,000 after purchasing an additional 45,037 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Insider Buying and Selling at Agilysys

In related news, Director Melvin L. Keating bought 300 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were purchased at an average price of $83.62 per share, with a total value of $25,086.00. Following the transaction, the director owned 35,007 shares in the company, valued at $2,927,285.34. This trade represents a 0.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AGYS. Oppenheimer boosted their price target on Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a report on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating on shares of Agilysys in a research note on Monday, December 15th. Zacks Research upgraded shares of Agilysys from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Needham & Company LLC dropped their price objective on shares of Agilysys from $140.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.40.

Agilysys Stock Up 2.0%

Agilysys stock opened at $80.01 on Thursday. The company’s 50-day moving average price is $96.99 and its 200-day moving average price is $109.32. The company has a market cap of $2.25 billion, a PE ratio of 74.78 and a beta of 0.36. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $145.25.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, January 26th. The software maker reported $0.42 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.04). Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The company had revenue of $80.39 million during the quarter, compared to analysts’ expectations of $79.07 million. During the same quarter in the prior year, the business posted $0.38 EPS. The company’s revenue was up 15.6% on a year-over-year basis. As a group, sell-side analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal 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.