Los Angeles Capital Management LLC Makes New Investment in Agilysys, Inc. (NASDAQ:AGYS)

Los Angeles Capital Management LLC purchased a new stake in Agilysys, Inc. (NASDAQ:AGYS) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 17,171 shares of the software maker’s stock, valued at approximately $1,456,000. Los Angeles Capital Management LLC owned 0.06% of Agilysys as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Agilysys during the third quarter valued at approximately $502,000. Raymond James Financial Services Advisors Inc. acquired a new stake in Agilysys in the third quarter worth $426,000. Mackenzie Financial Corp lifted its stake in Agilysys by 30.2% in the third quarter. Mackenzie Financial Corp now owns 10,395 shares of the software maker’s stock valued at $686,000 after buying an additional 2,412 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its holdings in shares of Agilysys by 120.7% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 170,215 shares of the software maker’s stock worth $11,261,000 after acquiring an additional 93,103 shares during the period. Finally, Roubaix Capital LLC lifted its position in Agilysys by 18.2% in the 3rd quarter. Roubaix Capital LLC now owns 40,895 shares of the software maker’s stock valued at $2,706,000 after purchasing an additional 6,300 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Stock Performance

Shares of AGYS stock opened at $80.69 on Wednesday. Agilysys, Inc. has a 1 year low of $62.00 and a 1 year high of $91.61. The business’s fifty day moving average is $80.57 and its 200-day moving average is $82.74. The stock has a market cap of $2.21 billion, a PE ratio of 25.29 and a beta of 0.68.

Insider Activity at Agilysys

In other Agilysys news, major shareholder Mak Capital One Llc sold 867,729 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the sale, the insider now directly owns 2,060,458 shares of the company’s stock, valued at approximately $170,173,226.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 23.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on AGYS shares. StockNews.com upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research report on Tuesday. Needham & Company LLC increased their target price on shares of Agilysys from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $88.75.

About Agilysys

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.