Semanteon Capital Management LP Makes New Investment in Agilysys, Inc. (NASDAQ:AGYS)

Semanteon Capital Management LP purchased a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,086 shares of the software maker’s stock, valued at approximately $1,195,000. Agilysys makes up about 0.8% of Semanteon Capital Management LP’s investment portfolio, making the stock its 29th largest holding. Semanteon Capital Management LP owned approximately 0.05% of Agilysys as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Agilysys in the third quarter valued at $502,000. Exchange Traded Concepts LLC raised its stake in shares of Agilysys by 7,338.0% in the third quarter. Exchange Traded Concepts LLC now owns 18,223 shares of the software maker’s stock valued at $1,206,000 after acquiring an additional 17,978 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of Agilysys in the third quarter valued at $288,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Agilysys in the third quarter valued at $426,000. Finally, Mackenzie Financial Corp raised its stake in shares of 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 acquiring an additional 2,412 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Trading Down 0.5 %

NASDAQ:AGYS traded down $0.41 during trading hours on Thursday, hitting $83.45. The company’s stock had a trading volume of 83,824 shares, compared to its average volume of 202,212. The stock has a market capitalization of $2.28 billion, a P/E ratio of 26.16 and a beta of 0.66. The stock has a fifty day moving average of $80.27 and a 200-day moving average of $81.79. Agilysys, Inc. has a 52-week low of $62.00 and a 52-week high of $91.61.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, January 22nd. The software maker reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.09. The company had revenue of $60.57 million for the quarter, compared to analyst estimates of $60.07 million. Agilysys had a return on equity of 20.54% and a net margin of 38.27%. The business’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 earnings per share. On average, sell-side analysts forecast that Agilysys, Inc. will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In other Agilysys news, CFO William David Wood III sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $85.45, for a total transaction of $854,500.00. Following the transaction, the chief financial officer now owns 50,391 shares of the company’s stock, valued at $4,305,910.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Mak Capital One Llc sold 867,729 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the transaction, the insider now owns 2,060,458 shares of the company’s stock, valued at $170,173,226.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO William David Wood III sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $85.45, for a total value of $854,500.00. Following the transaction, the chief financial officer now directly owns 50,391 shares in the company, valued at approximately $4,305,910.95. The disclosure for this sale can be found here. Corporate insiders own 23.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on AGYS shares. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Needham & Company LLC increased their target price on Agilysys from $92.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.