Agilysys, Inc. (NASDAQ:AGYS) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC grew its position in Agilysys, Inc. (NASDAQ:AGYS) by 20.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,404 shares of the software maker’s stock after acquiring an additional 6,420 shares during the quarter. AQR Capital Management LLC owned about 0.14% of Agilysys worth $3,895,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares during the period. CWM LLC lifted its holdings in shares of Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after purchasing an additional 199 shares during the period. Larson Financial Group LLC acquired a new stake in shares of Agilysys during the second quarter worth $32,000. YHB Investment Advisors Inc. acquired a new stake in shares of Agilysys during the first quarter worth $35,000. Finally, RiverPark Advisors LLC lifted its holdings in shares of Agilysys by 361.1% during the first quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock worth $149,000 after purchasing an additional 1,383 shares during the period. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Stock Up 1.6 %

Shares of AGYS stock opened at $106.73 on Friday. Agilysys, Inc. has a fifty-two week low of $63.78 and a fifty-two week high of $114.70. The stock has a market cap of $2.93 billion, a P/E ratio of 33.78 and a beta of 0.83. The business has a fifty day simple moving average of $107.21 and a 200-day simple moving average of $97.80.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, July 22nd. The software maker reported $0.30 earnings per share 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 business had revenue of $63.50 million during the quarter, compared to analysts’ expectations of $64.52 million. During the same quarter last year, the business posted $0.18 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, sell-side analysts anticipate that Agilysys, Inc. will post 0.62 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Craig Hallum increased their price target on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. William Blair began coverage on Agilysys in a report on Monday, June 24th. They issued an “outperform” rating for the company. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Agilysys in a report on Monday, September 16th. Northland Securities raised their target price on Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, BTIG Research raised their target price on Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a report on Friday, July 19th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $124.00.

Insider Buying and Selling

In related news, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the completion of the sale, the chief executive officer now owns 778,367 shares in the company, valued at approximately $85,441,345.59. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Agilysys news, Director John Mutch sold 1,000 shares of Agilysys stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $113.69, for a total value of $113,690.00. Following the completion of the sale, the director now owns 36,326 shares in the company, valued at $4,129,902.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys 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 owns 778,367 shares of the company’s stock, valued at $85,441,345.59. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,000 shares of company stock worth $3,734,810. 23.60% of the stock is owned by corporate 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.