Agilysys, Inc. $AGYS Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC cut its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,155 shares of the software maker’s stock after selling 4,764 shares during the quarter. WCM Investment Management LLC’s holdings in Agilysys were worth $10,231,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AGYS. Caitong International Asset Management Co. Ltd increased its stake in Agilysys by 419.5% during the fourth 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 position in shares of Agilysys in the 4th quarter worth about $34,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Agilysys in the 3rd quarter valued at about $43,000. Advisors Asset Management Inc. boosted its holdings in shares of Agilysys by 30.1% in the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after buying an additional 159 shares during the period. Finally, GAMMA Investing LLC grew 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 valued at $66,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Analyst Ratings Changes

AGYS has been the topic of a number of recent research reports. Weiss Ratings raised shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. 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. Oppenheimer increased their price target on Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a report on Wednesday, June 17th. Finally, Piper Sandler began coverage on shares of Agilysys in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $110.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $116.00.

Agilysys Stock Performance

Shares of AGYS stock opened at $106.28 on Tuesday. Agilysys, Inc. has a 1 year low of $61.50 and a 1 year high of $145.25. The firm has a market capitalization of $3.00 billion, a PE ratio of 78.15 and a beta of 0.37. The stock has a fifty day moving average of $91.98 and a two-hundred day moving average of $85.58.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, May 18th. The software maker reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.12. Agilysys had a net margin of 12.15% and a return on equity of 11.07%. The business had revenue of $82.95 million for the quarter, compared to analysts’ expectations of $81.56 million. During the same period in the previous year, the business earned $0.54 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. Equities research analysts predict that Agilysys, Inc. will post 1.77 earnings per share for the current fiscal year.

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.