Navellier & Associates Inc. Increases Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Navellier & Associates Inc. lifted its stake in Agilysys, Inc. (NASDAQ:AGYS) by 54.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,704 shares of the software maker’s stock after purchasing an additional 2,020 shares during the quarter. Navellier & Associates Inc.’s holdings in Agilysys were worth $484,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Agilysys in the third quarter worth approximately $426,000. Teacher Retirement System of Texas boosted its stake in shares of Agilysys by 2.4% during the third quarter. Teacher Retirement System of Texas now owns 16,320 shares of the software maker’s stock valued at $1,080,000 after purchasing an additional 382 shares during the period. Illinois Municipal Retirement Fund bought a new position in shares of Agilysys in the third quarter worth about $760,000. Arizona State Retirement System increased its stake in Agilysys by 2.0% in the 3rd quarter. Arizona State Retirement System now owns 6,502 shares of the software maker’s stock worth $430,000 after buying an additional 129 shares during the period. Finally, Barclays PLC lifted its holdings in Agilysys by 15.2% during the 3rd quarter. Barclays PLC now owns 12,670 shares of the software maker’s stock valued at $838,000 after buying an additional 1,667 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Agilysys Stock Up 0.9 %

AGYS stock traded up $0.94 during trading on Friday, hitting $99.94. 282,682 shares of the company’s stock traded hands, compared to its average volume of 187,195. The business has a fifty day simple moving average of $82.39 and a two-hundred day simple moving average of $83.28. The firm has a market capitalization of $2.73 billion, a P/E ratio of 31.63 and a beta of 0.68. Agilysys, Inc. has a 1 year low of $63.08 and a 1 year high of $100.20.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, May 13th. The software maker reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Agilysys had a return on equity of 15.52% and a net margin of 36.30%. The firm had revenue of $62.22 million during the quarter, compared to analysts’ expectations of $61.95 million. During the same period in the prior year, the business posted $0.26 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. On average, equities research analysts predict that Agilysys, Inc. will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AGYS has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Agilysys in a research report on Tuesday. Finally, Oppenheimer raised their target price on shares of Agilysys from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

Agilysys Company Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.