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

Intech Investment Management LLC cut its position in Agilysys, Inc. (NASDAQ:AGYS) by 61.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,333 shares of the software maker’s stock after selling 18,144 shares during the quarter. Intech Investment Management LLC’s holdings in Agilysys were worth $1,347,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Agilysys in the 3rd quarter valued at about $43,000. Bessemer Group Inc. boosted its position in shares of Agilysys by 194.3% in the 3rd quarter. Bessemer Group Inc. now owns 412 shares of the software maker’s stock valued at $44,000 after purchasing an additional 272 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Agilysys in the 3rd quarter valued at about $52,000. GAMMA Investing LLC boosted its position in shares of Agilysys by 31.1% in the 4th quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock valued at $66,000 after purchasing an additional 131 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Agilysys by 71.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 632 shares of the software maker’s stock valued at $71,000 after purchasing an additional 263 shares during the period. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Trading Down 1.0%

Agilysys stock opened at $88.52 on Friday. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $145.25. The stock has a 50 day moving average of $72.51 and a two-hundred day moving average of $90.99. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 65.09 and a beta of 0.41.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data 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. The company had revenue of $82.95 million during the quarter, compared to analysts’ expectations of $81.56 million. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. Equities analysts predict that Agilysys, Inc. will post 1.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AGYS. Zacks Research raised Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. UBS Group set a $110.00 price objective on Agilysys in a research report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Agilysys in a research report on Tuesday, May 19th. Piper Sandler began coverage on Agilysys in a research report on Tuesday. They set an “overweight” rating and a $110.00 price objective for the company. Finally, Oppenheimer increased their price objective on Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. One investment 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 given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.