Quantinno Capital Management LP Buys 4,955 Shares of Agilysys, Inc. $AGYS

Quantinno Capital Management LP raised its stake in Agilysys, Inc. (NASDAQ:AGYS) by 107.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,579 shares of the software maker’s stock after acquiring an additional 4,955 shares during the period. Quantinno Capital Management LP’s holdings in Agilysys were worth $681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital Research Global Investors bought a new position in Agilysys in the 4th quarter worth about $104,878,000. Wellington Management Group LLP increased its holdings in shares of Agilysys by 75.9% in the 3rd quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker’s stock worth $72,675,000 after purchasing an additional 297,846 shares in the last quarter. Wasatch Advisors LP lifted its stake in Agilysys by 33.0% during the 1st quarter. Wasatch Advisors LP now owns 953,730 shares of the software maker’s stock valued at $67,848,000 after acquiring an additional 236,373 shares during the period. Goldman Sachs Group Inc. lifted its position in Agilysys by 125.0% during the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after purchasing an additional 184,402 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Agilysys by 64.8% during the 1st quarter. Jennison Associates LLC now owns 365,580 shares of the software maker’s stock valued at $26,007,000 after buying an additional 143,789 shares during the period. 88.00% of the stock is currently owned by institutional investors.

Agilysys Stock Performance

Shares of Agilysys stock opened at $111.96 on Wednesday. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 74.15 and a beta of 0.37. The stock has a 50 day moving average price of $103.15 and a 200-day moving average price of $84.89. Agilysys, Inc. has a one year low of $61.50 and a one year high of $145.25.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The business had revenue of $87.68 million for the quarter, compared to analysts’ expectations of $85.97 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. The business’s revenue was up 14.3% compared to the same quarter last year. Sell-side analysts predict that Agilysys, Inc. will post 1.73 earnings per share for the current fiscal year.

Insider Activity at Agilysys

In related news, CEO Ramesh Srinivasan sold 106,205 shares of the company’s 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 transaction, the chief executive officer directly owned 635,044 shares in the company, valued at approximately $67,708,391.28. This represents a 14.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 197,410 shares of company stock worth $21,285,381. 8.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on AGYS. UBS Group set a $110.00 price target on shares of Agilysys in a research report on Wednesday, June 3rd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a research report on Tuesday, July 28th. Weiss Ratings raised shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Piper Sandler raised their target price on shares of Agilysys from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Finally, Zacks Research downgraded shares of Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $124.60.

Agilysys Company 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.