Susquehanna Fundamental Investments LLC Takes $1.50 Million Position in Agilysys, Inc. (NASDAQ:AGYS)

Susquehanna Fundamental Investments LLC acquired a new position in Agilysys, Inc. (NASDAQ:AGYS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,372 shares of the software maker’s stock, valued at approximately $1,497,000. Susquehanna Fundamental Investments LLC owned about 0.05% of Agilysys at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AGYS. Vanguard Group Inc. raised its holdings in Agilysys by 12.3% in the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after purchasing an additional 217,008 shares during the period. Wasatch Advisors LP increased its stake in shares of Agilysys by 439.5% in the first quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock worth $84,903,000 after purchasing an additional 820,840 shares in the last quarter. Fred Alger Management LLC raised its position in shares of Agilysys by 1.9% during the 2nd quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock valued at $97,689,000 after purchasing an additional 17,898 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of Agilysys by 13.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock valued at $60,920,000 after buying an additional 87,549 shares in the last quarter. Finally, Geneva Capital Management LLC lifted its position in shares of Agilysys by 10.6% in the first quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock valued at $57,805,000 after acquiring an additional 65,672 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Agilysys Trading Down 2.3 %

Shares of AGYS opened at $106.51 on Wednesday. Agilysys, Inc. has a twelve month low of $63.78 and a twelve month high of $114.70. The company has a market cap of $2.92 billion, a P/E ratio of 33.71 and a beta of 0.83. The company’s fifty day simple moving average is $107.36 and its 200-day simple moving average is $97.15.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, July 22nd. The software maker reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The firm had revenue of $63.50 million for the quarter, compared to analysts’ expectations of $64.52 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Analysts predict that Agilysys, Inc. will post 0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AGYS has been the topic of several research analyst reports. StockNews.com raised shares of Agilysys from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Craig Hallum raised their price target on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. BTIG Research upped their price objective on Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Oppenheimer raised 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, Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Agilysys in a research report on Monday, September 16th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Agilysys has an average rating of “Buy” and an average price target of $124.00.

Insider Activity

In other news, Director John Mutch sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total transaction of $113,690.00. Following the transaction, the director now directly owns 36,326 shares of the company’s stock, valued at $4,129,902.94. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00. Following the completion of the sale, the chief executive officer now directly owns 778,367 shares of the company’s stock, valued at $85,441,345.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Mutch sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $113.69, for a total transaction of $113,690.00. Following the transaction, the director now directly owns 36,326 shares in the company, valued at approximately $4,129,902.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,000 shares of company stock valued at $3,734,810. 23.60% of the stock is currently owned by company insiders.

Agilysys Company 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.