Stephens Investment Management Group LLC Grows Position in Agilysys, Inc. $AGYS

Stephens Investment Management Group LLC grew its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 24.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,811 shares of the software maker’s stock after purchasing an additional 31,857 shares during the period. Stephens Investment Management Group LLC owned approximately 0.58% of Agilysys worth $11,582,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Agilysys by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock valued at $286,160,000 after purchasing an additional 32,052 shares during the period. Wasatch Advisors LP increased its holdings in Agilysys by 5.3% during the 2nd quarter. Wasatch Advisors LP now owns 1,004,918 shares of the software maker’s stock worth $115,204,000 after acquiring an additional 50,536 shares during the period. State Street Corp lifted its stake in Agilysys by 0.5% in the 4th quarter. State Street Corp now owns 1,003,062 shares of the software maker’s stock worth $119,204,000 after purchasing an additional 4,516 shares in the last quarter. Capital Research Global Investors purchased a new position in shares of Agilysys during the 4th quarter valued at $104,878,000. Finally, Wellington Management Group LLP raised its position in shares of Agilysys by 75.9% in the third quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock worth $72,675,000 after buying an additional 297,846 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Price Performance

Shares of NASDAQ:AGYS opened at $110.81 on Monday. Agilysys, Inc. has a 1 year low of $61.50 and a 1 year high of $145.25. The stock’s 50-day moving average is $83.02 and its 200 day moving average is $86.58. The company has a market cap of $3.12 billion, a PE ratio of 81.48 and a beta of 0.37.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, May 18th. The software maker reported $0.63 EPS for the quarter, beating 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 company had revenue of $82.95 million during the quarter, compared to the consensus estimate of $81.56 million. During the same quarter in the prior year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that Agilysys, Inc. will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AGYS has been the topic of several recent analyst reports. UBS Group set a $110.00 price target on Agilysys in a report on Wednesday, June 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Agilysys in a report on Tuesday, May 19th. Weiss Ratings upgraded Agilysys from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Oppenheimer raised their price objective on Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Finally, Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Agilysys currently has an average rating of “Moderate Buy” and an average target price of $116.00.

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.