Universal Beteiligungs und Servicegesellschaft mbH Decreases Stake in Agilysys, Inc. $AGYS

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 53.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,377 shares of the software maker’s stock after selling 6,063 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Agilysys were worth $566,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its position in shares of Agilysys by 118.5% in the third quarter. Global Retirement Partners LLC now owns 260 shares of the software maker’s stock valued at $27,000 after purchasing an additional 141 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Agilysys in the 2nd quarter valued at approximately $30,000. GAMMA Investing LLC lifted its position in shares of Agilysys by 43.2% during the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock worth $35,000 after acquiring an additional 92 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Agilysys by 215.5% during the third quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker’s stock worth $39,000 after acquiring an additional 250 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Agilysys by 30.1% in the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after acquiring an additional 159 shares during the period. Institutional investors own 88.00% of the company’s stock.

Insider Transactions at Agilysys

In other news, insider Chris J. Robertson sold 500 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $131.34, for a total transaction of $65,670.00. Following the transaction, the insider directly owned 687 shares in the company, valued at approximately $90,230.58. This represents a 42.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donald A. Colvin sold 6,000 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $123.28, for a total value of $739,680.00. Following the transaction, the director directly owned 24,592 shares in the company, valued at approximately $3,031,701.76. This represents a 19.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 8.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AGYS. UBS Group reiterated a “buy” rating on shares of Agilysys in a research note on Monday, December 15th. BTIG Research started coverage on shares of Agilysys in a report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a research report on Wednesday, January 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $140.00 target price on shares of Agilysys in a report on Tuesday, October 28th. Finally, Oppenheimer raised their price target on shares of Agilysys from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Agilysys currently has an average rating of “Hold” and a consensus price target of $145.40.

Agilysys Price Performance

Shares of AGYS opened at $89.25 on Tuesday. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $145.25. The company has a market capitalization of $2.51 billion, a P/E ratio of 83.41 and a beta of 0.41. The firm’s 50 day simple moving average is $116.41 and its 200 day simple moving average is $114.44.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, January 26th. The software maker reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). The company had revenue of $80.39 million during the quarter, compared to the consensus estimate of $79.07 million. Agilysys had a return on equity of 10.71% and a net margin of 9.79%.Agilysys’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. On average, equities analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current 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.