Louisiana State Employees Retirement System Makes New Investment in Agilysys, Inc. $AGYS

Louisiana State Employees Retirement System acquired a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,300 shares of the software maker’s stock, valued at approximately $804,000.

Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC raised its position in shares of Agilysys by 31.1% during the 4th quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock worth $66,000 after purchasing an additional 131 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Agilysys by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 5,023 shares of the software maker’s stock worth $597,000 after buying an additional 153 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Agilysys by 1.1% in the 4th quarter. State of Alaska Department of Revenue now owns 14,326 shares of the software maker’s stock worth $1,701,000 after buying an additional 156 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Agilysys by 30.1% during the 1st 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, Wealth Enhancement Advisory Services LLC increased its stake in Agilysys by 33.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 639 shares of the software maker’s stock worth $81,000 after buying an additional 161 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

Agilysys Price Performance

Shares of NASDAQ AGYS opened at $110.81 on Monday. The company has a 50 day simple moving average of $83.02 and a 200-day simple moving average of $86.58. The company has a market capitalization of $3.12 billion, a P/E ratio of 81.48 and a beta of 0.37. Agilysys, Inc. has a 1 year low of $61.50 and a 1 year high of $145.25.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, May 18th. The software maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. The business had revenue of $82.95 million for 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 quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. As a group, research analysts expect that Agilysys, Inc. will post 1.77 EPS for the current year.

Agilysys 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.