Sei Investments Co. Buys 13,595 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Sei Investments Co. grew its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 32.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 55,032 shares of the software maker’s stock after purchasing an additional 13,595 shares during the period. Sei Investments Co. owned about 0.20% of Agilysys worth $5,731,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AGYS. GAMMA Investing LLC increased its holdings in Agilysys by 162.1% during the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares in the last quarter. CWM LLC grew its holdings in shares of Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after acquiring an additional 199 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Agilysys in the second quarter valued at approximately $32,000. YHB Investment Advisors Inc. bought a new position in shares of Agilysys in the first quarter valued at approximately $35,000. Finally, RiverPark Advisors LLC grew its holdings in shares of Agilysys by 361.1% in the first quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock valued at $149,000 after acquiring an additional 1,383 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

Agilysys Trading Up 0.9 %

Agilysys stock opened at $108.97 on Tuesday. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 34.48 and a beta of 0.83. The business’s 50 day simple moving average is $107.42 and its 200 day simple moving average is $96.91. Agilysys, Inc. has a 12 month low of $63.78 and a 12 month high of $114.70.

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

Insiders Place Their Bets

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the sale, the chief executive officer now owns 738,367 shares in the company, valued at $75,335,585.01. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Chris J. Robertson sold 4,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total value of $435,320.00. Following the sale, the insider now owns 22,888 shares in the company, valued at $2,490,901.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ramesh Srinivasan sold 10,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $102.03, for a total value of $1,020,300.00. Following the completion of the sale, the chief executive officer now owns 738,367 shares in the company, valued at approximately $75,335,585.01. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock worth $3,734,810 over the last 90 days. Corporate insiders own 23.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AGYS shares. BTIG Research upped 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Agilysys in a report on Monday, September 16th. Northland Securities upped their price objective on Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Oppenheimer upped their price objective on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Finally, Craig Hallum upped their price objective on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Agilysys currently has an average rating of “Buy” and a consensus price target of $124.00.

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.