Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by Driehaus Capital Management LLC

Driehaus Capital Management LLC raised its stake in Agilysys, Inc. (NASDAQ:AGYS) by 49.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,292 shares of the software maker’s stock after purchasing an additional 71,809 shares during the period. Driehaus Capital Management LLC owned about 0.80% of Agilysys worth $22,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. RiverPark Advisors LLC increased its holdings in shares of Agilysys by 9.6% in the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock valued at $202,000 after acquiring an additional 170 shares during the last quarter. CWM LLC increased its holdings 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 acquiring an additional 199 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Agilysys by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker’s stock valued at $1,062,000 after acquiring an additional 200 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Agilysys by 6.2% in the 1st quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock valued at $294,000 after acquiring an additional 204 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Stock Down 1.7 %

NASDAQ:AGYS opened at $107.97 on Friday. The stock’s 50 day moving average price is $107.42 and its 200 day moving average price is $96.61. The company has a market capitalization of $3.01 billion, a PE ratio of 34.17 and a beta of 0.83. Agilysys, Inc. has a 52-week low of $63.78 and a 52-week high of $114.70.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $64.52 million. During the same quarter last year, the business posted $0.18 EPS. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Agilysys, Inc. will post 0.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on AGYS. Oppenheimer increased their price objective on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, July 19th. BTIG Research increased their price objective on Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a report on Friday, July 19th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Agilysys in a report on Monday, September 16th. Northland Securities increased their price objective on Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, StockNews.com upgraded Agilysys from a “hold” rating to a “buy” rating in a report on Friday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Agilysys currently has a consensus rating of “Buy” and a consensus target price of $124.00.

Insiders Place Their Bets

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction that occurred on 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 directly owns 778,367 shares of the company’s stock, valued at approximately $85,441,345.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Agilysys news, SVP Kyle C. Badger sold 249 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 115,834 shares of the company’s stock, valued at approximately $11,818,543.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total value of $1,097,700.00. Following the sale, the chief executive officer now directly owns 778,367 shares of the company’s stock, valued at $85,441,345.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,543 shares of company stock valued at $3,790,212. 23.60% of the stock is owned by company insiders.

About Agilysys

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.