Emerald Advisers LLC Lowers Stake in Agilysys, Inc. $AGYS

Emerald Advisers LLC lessened its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.5% during the 1st quarter, Holdings Channel reports. The fund owned 323,511 shares of the software maker’s stock after selling 4,920 shares during the period. Emerald Advisers LLC’s holdings in Agilysys were worth $23,015,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AGYS. Caitong International Asset Management Co. Ltd lifted its stake 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 worth $25,000 after purchasing an additional 172 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Agilysys in the fourth quarter valued at about $34,000. Measured Wealth Private Client Group LLC bought a new position in Agilysys in the third quarter worth about $43,000. GAMMA Investing LLC raised its holdings in Agilysys by 31.1% in the fourth quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock worth $66,000 after purchasing an additional 131 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Agilysys by 71.3% during the second quarter. Smartleaf Asset Management LLC now owns 632 shares of the software maker’s stock valued at $71,000 after buying an additional 263 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AGYS has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 3rd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a research note on Wednesday, June 17th. Oppenheimer increased their target price on shares of 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 target price on shares of Agilysys in a research note on Wednesday, June 3rd. Finally, Piper Sandler initiated coverage on shares of Agilysys in a report on Tuesday, June 2nd. They issued an “overweight” rating and a $110.00 price target on the stock. One 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $116.00.

Agilysys Stock Up 0.7%

Shares of NASDAQ:AGYS opened at $109.75 on Tuesday. Agilysys, Inc. has a 52-week low of $61.50 and a 52-week high of $145.25. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 80.70 and a beta of 0.37. The business has a 50-day moving average price of $88.33 and a 200-day moving average price of $86.07.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, May 18th. The software maker reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The firm had revenue of $82.95 million during the quarter, compared to the consensus estimate of $81.56 million. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. As a group, equities analysts anticipate that Agilysys, Inc. will post 1.77 EPS for the current fiscal 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.