Capital Research Global Investors Makes New Investment in Agilysys, Inc. $AGYS

Capital Research Global Investors bought a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 882,517 shares of the software maker’s stock, valued at approximately $104,878,000. Capital Research Global Investors owned about 3.14% of Agilysys at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC increased its position in Agilysys by 671.2% during the fourth quarter. SG Americas Securities LLC now owns 19,009 shares of the software maker’s stock worth $2,259,000 after buying an additional 16,544 shares during the last quarter. Artisan Partners Limited Partnership grew its position in shares of Agilysys by 2.3% in the third quarter. Artisan Partners Limited Partnership now owns 644,199 shares of the software maker’s stock valued at $67,802,000 after purchasing an additional 14,308 shares during the last quarter. Granahan Investment Management LLC grew its position in shares of Agilysys by 288.5% in the third quarter. Granahan Investment Management LLC now owns 94,224 shares of the software maker’s stock valued at $9,917,000 after purchasing an additional 69,972 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Agilysys by 3.3% in the third quarter. Vanguard Group Inc. now owns 2,375,895 shares of the software maker’s stock valued at $250,063,000 after purchasing an additional 76,886 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Agilysys in the fourth quarter valued at about $2,622,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Agilysys Stock Up 0.6%

AGYS stock opened at $89.09 on Tuesday. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $145.25. The company has a market cap of $2.51 billion, a PE ratio of 65.51 and a beta of 0.41. The business’s 50-day simple moving average is $72.84 and its 200 day simple moving average is $90.52.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, May 18th. The software maker reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.The business had revenue of $82.95 million for the quarter, compared to the consensus estimate of $81.56 million. During the same period last year, the business earned $0.54 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate 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.