Rockefeller Capital Management L.P. Cuts Stock Holdings in Agilysys, Inc. $AGYS

Rockefeller Capital Management L.P. reduced its stake in Agilysys, Inc. (NASDAQ:AGYS) by 39.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 271,022 shares of the software maker’s stock after selling 176,091 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.96% of Agilysys worth $32,208,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 purchasing an additional 172 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Agilysys in the fourth quarter worth about $34,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Agilysys in the third quarter worth about $43,000. Advisors Asset Management Inc. lifted its position in shares of Agilysys by 30.1% in the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after buying an additional 159 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Agilysys by 31.1% during the fourth quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock valued at $66,000 after buying an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on AGYS. UBS Group set a $110.00 price objective on Agilysys in a research note on Wednesday, June 3rd. Piper Sandler initiated coverage on Agilysys in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $110.00 target price for the company. Oppenheimer raised their target price on shares of Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Agilysys in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $116.00.

Agilysys Price Performance

Shares of NASDAQ AGYS opened at $87.51 on Monday. Agilysys, Inc. has a 1-year low of $61.50 and a 1-year high of $145.25. The business’s 50 day moving average is $76.25 and its two-hundred day moving average is $88.35. The stock has a market capitalization of $2.47 billion, a P/E ratio of 64.35 and a beta of 0.41.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data 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. The business had revenue of $82.95 million during the quarter, compared to analyst estimates of $81.56 million. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. As a group, equities research analysts anticipate that Agilysys, Inc. will post 1.77 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.