54,000 Shares in Agilysys, Inc. $AGYS Purchased by Summit Partners Public Asset Management LLC

Summit Partners Public Asset Management LLC acquired a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 54,000 shares of the software maker’s stock, valued at approximately $6,417,000. Summit Partners Public Asset Management LLC owned approximately 0.19% of Agilysys as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AGYS. Caitong International Asset Management Co. Ltd raised 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 buying an additional 172 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Agilysys during the fourth quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC acquired a new stake in Agilysys during the third quarter valued at approximately $43,000. Advisors Asset Management Inc. raised its stake in Agilysys by 30.1% during the first 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 in the last quarter. Finally, GAMMA Investing LLC raised its stake in Agilysys by 31.1% during the fourth quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock valued at $66,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Trading Up 0.0%

Shares of Agilysys stock opened at $87.50 on Wednesday. The business’s 50 day simple moving average is $75.11 and its 200-day simple moving average is $89.10. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 64.34 and a beta of 0.41. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $145.25.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results 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 business had revenue of $82.95 million for 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 business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. Sell-side analysts predict that Agilysys, Inc. will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

AGYS has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Agilysys in a research note on Tuesday, May 19th. Zacks Research upgraded Agilysys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 3rd. UBS Group set a $110.00 price objective on Agilysys in a research note on Wednesday, June 3rd. Oppenheimer upped their price objective on Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Finally, Piper Sandler initiated coverage on Agilysys in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $110.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.