Larson Financial Group LLC Makes New $32,000 Investment in Agilysys, Inc. (NASDAQ:AGYS)

Larson Financial Group LLC acquired a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 303 shares of the software maker’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after buying an additional 154 shares in the last quarter. CWM LLC boosted its stake in shares of Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after purchasing an additional 199 shares in the last quarter. YHB Investment Advisors Inc. bought a new position in shares of Agilysys during the 1st quarter valued at $35,000. RiverPark Advisors LLC lifted its stake in Agilysys by 361.1% in 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 last quarter. Finally, Covestor Ltd boosted its position in Agilysys by 99.9% during the first quarter. Covestor Ltd now owns 2,277 shares of the software maker’s stock valued at $192,000 after buying an additional 1,138 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Insider Buying and Selling

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $106.78, for a total value of $1,067,800.00. Following the completion of the sale, the chief executive officer now directly owns 758,367 shares in the company, valued at $80,978,428.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director John Mutch sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $113.69, for a total value of $113,690.00. Following the sale, the director now directly owns 36,326 shares of the company’s stock, valued at approximately $4,129,902.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ramesh Srinivasan sold 10,000 shares of Agilysys stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $106.78, for a total transaction of $1,067,800.00. Following the transaction, the chief executive officer now directly owns 758,367 shares of the company’s stock, valued at $80,978,428.26. The disclosure for this sale can be found here. Insiders sold a total of 204,050 shares of company stock valued at $19,735,671 over the last three months. Corporate insiders own 23.60% of the company’s stock.

Analyst Upgrades and Downgrades

AGYS has been the topic of several analyst reports. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. BTIG Research boosted their price objective on Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Craig Hallum raised their target price on shares of Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Agilysys in a research note on Tuesday, July 23rd. Finally, William Blair started coverage on shares of Agilysys in a research report on Monday, June 24th. They set an “outperform” rating for the company. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $122.00.

Agilysys Stock Performance

AGYS opened at $101.20 on Tuesday. The stock has a market capitalization of $2.82 billion, a PE ratio of 32.03 and a beta of 0.83. The stock’s 50 day moving average price is $107.77 and its 200-day moving average price is $94.26. Agilysys, Inc. has a 52-week low of $63.78 and a 52-week high of $114.70.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data 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 business 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 company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. Research analysts forecast that Agilysys, Inc. will post 0.62 EPS for the current fiscal year.

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.