Agilysys, Inc. (NASDAQ:AGYS) is AltraVue Capital LLC’s 10th Largest Position

AltraVue Capital LLC cut its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 367,317 shares of the software maker’s stock after selling 4,680 shares during the quarter. Agilysys accounts for about 3.8% of AltraVue Capital LLC’s portfolio, making the stock its 10th largest holding. AltraVue Capital LLC owned about 1.32% of Agilysys worth $38,252,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AGYS. Wasatch Advisors LP raised 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 last quarter. Vanguard Group Inc. increased its holdings in shares of Agilysys by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after purchasing an additional 217,008 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Agilysys by 1,861.4% during the 2nd quarter. American Century Companies Inc. now owns 221,109 shares of the software maker’s stock valued at $23,026,000 after purchasing an additional 209,836 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Agilysys during the 2nd quarter valued at approximately $21,039,000. Finally, Conestoga Capital Advisors LLC purchased a new position in shares of Agilysys during the 2nd quarter valued at approximately $16,546,000. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Stock Performance

Shares of NASDAQ AGYS opened at $101.31 on Thursday. The firm has a market cap of $2.82 billion, a PE ratio of 32.06 and a beta of 0.83. The firm has a fifty day moving average of $107.48 and a 200 day moving average of $95.27. Agilysys, Inc. has a one year low of $63.78 and a one year high of $114.70.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, July 22nd. The software maker reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The company had revenue of $63.50 million during the quarter, compared to analyst estimates of $64.52 million. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. On average, equities analysts predict that Agilysys, Inc. will post 0.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AGYS shares. BTIG Research lifted their target price on shares of Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a report on Friday, July 19th. William Blair started coverage on shares of Agilysys in a report on Monday, June 24th. They set an “outperform” rating for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Agilysys in a report on Monday. Oppenheimer lifted their target price on shares of Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Finally, StockNews.com raised shares of Agilysys from a “hold” rating to a “buy” rating in a report on Tuesday. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Agilysys has an average rating of “Buy” and a consensus price target of $124.00.

Insiders Place Their Bets

In other Agilysys news, Director Mak Capital One Llc sold 61,035 shares of Agilysys stock in a transaction on Friday, June 21st. The shares were sold at an average price of $96.43, for a total transaction of $5,885,605.05. Following the sale, the director now owns 1,298,407 shares of the company’s stock, valued at approximately $125,205,387.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Agilysys news, Director Mak Capital One Llc sold 61,035 shares of Agilysys stock in a transaction on Friday, June 21st. The shares were sold at an average price of $96.43, for a total transaction of $5,885,605.05. Following the sale, the director now owns 1,298,407 shares of the company’s stock, valued at approximately $125,205,387.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kyle C. Badger sold 249 shares of Agilysys stock in a transaction on Monday, July 1st. The stock was sold at an average price of $102.03, for a total transaction of $25,405.47. Following the sale, the senior vice president now directly owns 115,834 shares in the company, valued at approximately $11,818,543.02. The disclosure for this sale can be found here. Insiders have sold a total of 141,578 shares of company stock valued at $14,107,417 in the last 90 days. 23.60% of the stock is owned by insiders.

Agilysys Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.