Covestor Ltd Has $192,000 Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Covestor Ltd lifted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 99.9% in the 1st quarter, Holdings Channel reports. The fund owned 2,277 shares of the software maker’s stock after acquiring an additional 1,138 shares during the quarter. Covestor Ltd’s holdings in Agilysys were worth $192,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AGYS. Wasatch Advisors LP increased its position in Agilysys by 439.5% during the 1st quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock worth $84,903,000 after buying an additional 820,840 shares during the period. Vanguard Group Inc. raised its stake in Agilysys by 12.3% during the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after acquiring an additional 217,008 shares in the last quarter. Geneva Capital Management LLC lifted its stake in Agilysys by 19.9% in the 4th quarter. Geneva Capital Management LLC now owns 620,361 shares of the software maker’s stock valued at $52,619,000 after purchasing an additional 102,939 shares during the last quarter. Lord Abbett & CO. LLC grew its position in Agilysys by 13.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after acquiring an additional 87,549 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Agilysys by 31.2% during the first quarter. Assenagon Asset Management S.A. now owns 286,595 shares of the software maker’s stock worth $24,148,000 after purchasing an additional 68,177 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AGYS. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Agilysys in a report on Tuesday. BTIG Research increased their price target on Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a report on Friday. William Blair began coverage on shares of Agilysys in a research report on Monday, June 24th. They set an “outperform” rating for the company. Oppenheimer increased their price target on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Craig Hallum increased their price target on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.60.

Insider Transactions at Agilysys

In related news, Director Mak Capital One Llc sold 38,539 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $90.85, for a total value of $3,501,268.15. Following the completion of the transaction, the director now directly owns 1,449,136 shares of the company’s stock, valued at approximately $131,654,005.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Agilysys news, SVP Kyle C. Badger sold 249 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $102.03, for a total value of $25,405.47. Following the completion of the transaction, the senior vice president now directly owns 115,834 shares of the company’s stock, valued at $11,818,543.02. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mak Capital One Llc sold 38,539 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $90.85, for a total value of $3,501,268.15. Following the completion of the sale, the director now owns 1,449,136 shares in the company, valued at $131,654,005.60. The disclosure for this sale can be found here. Insiders sold a total of 700,935 shares of company stock valued at $67,375,071 in the last three months. 23.60% of the stock is currently owned by company insiders.

Agilysys Stock Down 3.9 %

NASDAQ AGYS traded down $4.37 during trading hours on Tuesday, hitting $107.43. 168,127 shares of the company were exchanged, compared to its average volume of 218,991. The stock has a 50-day moving average price of $99.91 and a 200 day moving average price of $87.86. The stock has a market cap of $2.95 billion, a PE ratio of 34.17 and a beta of 0.82. Agilysys, Inc. has a 52 week low of $63.78 and a 52 week high of $112.61.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $63.50 million during the quarter, compared to analyst estimates of $64.52 million. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share. As a group, sell-side analysts anticipate that Agilysys, Inc. will post 0.69 earnings per share for the current year.

Agilysys 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.