43,779 Shares in Agilysys, Inc. $AGYS Purchased by Summit Creek Advisors LLC

Summit Creek Advisors LLC acquired a new position in Agilysys, Inc. (NASDAQ:AGYS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 43,779 shares of the software maker’s stock, valued at approximately $4,575,000.

Several other large investors have also modified their holdings of AGYS. ProShare Advisors LLC grew its stake in shares of Agilysys by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 5,023 shares of the software maker’s stock valued at $597,000 after buying an additional 153 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Agilysys by 30.1% during the 1st 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 last quarter. Glenmede Trust Co. NA boosted its holdings in Agilysys by 3.1% during the 1st quarter. Glenmede Trust Co. NA now owns 5,518 shares of the software maker’s stock valued at $393,000 after acquiring an additional 165 shares during the period. NewEdge Advisors LLC boosted its holdings in Agilysys by 4.5% during the 4th quarter. NewEdge Advisors LLC now owns 3,947 shares of the software maker’s stock valued at $469,000 after acquiring an additional 170 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position 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 acquiring an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Trading Up 0.6%

Shares of NASDAQ AGYS opened at $111.96 on Wednesday. Agilysys, Inc. has a 12-month low of $61.50 and a 12-month high of $145.25. The stock’s fifty day simple moving average is $103.15 and its two-hundred day simple moving average is $84.89. The stock has a market capitalization of $3.16 billion, a PE ratio of 74.15 and a beta of 0.37.

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

Insider Activity at Agilysys

In other Agilysys news, CEO Ramesh Srinivasan sold 25,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $108.15, for a total transaction of $2,703,750.00. Following the completion of the sale, the chief executive officer directly owned 610,044 shares of the company’s stock, valued at approximately $65,976,258.60. This represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 197,410 shares of company stock worth $21,285,381 over the last ninety days. Corporate insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Oppenheimer reiterated an “outperform” rating and issued a $118.00 target price on shares of Agilysys in a research note on Tuesday, July 28th. Weiss Ratings raised shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Needham & Company LLC upped their price target on shares of Agilysys from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Piper Sandler raised their price target on shares of Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Finally, UBS Group set a $110.00 price objective on shares of Agilysys in a report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.