EFG International AG Makes New $4.65 Million Investment in Agilysys, Inc. $AGYS

EFG International AG purchased a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 44,508 shares of the software maker’s stock, valued at approximately $4,650,000. EFG International AG owned about 0.16% of Agilysys at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its holdings in Agilysys by 419.5% in the 4th 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. Optiver Holding B.V. boosted its position in shares of Agilysys by 700.0% during the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after buying an additional 399 shares during the period. Los Angeles Capital Management LLC acquired a new position in Agilysys during the 4th quarter worth about $34,000. Measured Wealth Private Client Group LLC purchased a new stake in Agilysys during the third quarter worth about $43,000. Finally, Versant Capital Management Inc lifted its position in shares of Agilysys by 123.9% during the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock worth $44,000 after purchasing an additional 233 shares in the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Trading Up 0.6%

Shares of AGYS stock opened at $114.50 on Wednesday. The company has a market cap of $3.23 billion, a P/E ratio of 75.83 and a beta of 0.37. The firm has a fifty day moving average price of $105.62 and a 200 day moving average price of $85.88. Agilysys, Inc. has a 12 month low of $61.50 and a 12 month high of $145.25.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, July 27th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The company had revenue of $87.68 million during the quarter, compared to the consensus estimate of $85.97 million. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.Agilysys’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. On average, equities analysts forecast that Agilysys, Inc. will post 1.73 EPS for the current year.

Insider Buying and Selling at Agilysys

In other Agilysys news, SVP Kyle C. Badger sold 8,400 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $114.06, for a total transaction of $958,104.00. Following the completion of the sale, the senior vice president directly owned 75,037 shares of the company’s stock, valued at approximately $8,558,720.22. This trade represents a 10.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ramesh Srinivasan sold 106,205 shares of Agilysys stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $106.62, for a total transaction of $11,323,577.10. Following the completion of the sale, the chief executive officer directly owned 635,044 shares in the company, valued at approximately $67,708,391.28. The trade was a 14.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 211,810 shares of company stock worth $22,931,805. 8.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AGYS. Zacks Research lowered shares of Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Piper Sandler boosted their target price on Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Oppenheimer restated an “outperform” rating and set a $118.00 price target on shares of Agilysys in a report on Tuesday, July 28th. Finally, UBS Group set a $110.00 price target on Agilysys in a research report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Agilysys currently has an average rating of “Moderate Buy” and an average target price of $124.60.

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.