Conestoga Capital Advisors LLC Has $53.03 Million Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Conestoga Capital Advisors LLC grew its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 105.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 731,039 shares of the software maker's stock after acquiring an additional 374,800 shares during the quarter. Conestoga Capital Advisors LLC owned 2.61% of Agilysys worth $53,030,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Harbor Investment Advisory LLC lifted its position in Agilysys by 64.6% in the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after purchasing an additional 239 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock valued at $57,000 after buying an additional 336 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Agilysys during the 4th quarter worth about $61,000. Mpwm Advisory Solutions LLC bought a new position in shares of Agilysys during the 4th quarter worth about $64,000. Finally, Assetmark Inc. acquired a new stake in shares of Agilysys during the 4th quarter valued at about $115,000. Institutional investors and hedge funds own 88.00% of the company's stock.

Wall Street Analyst Weigh In

AGYS has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on shares of Agilysys in a research report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price target for the company. Northland Securities set a $152.00 target price on Agilysys in a report on Tuesday, May 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $105.00 price target (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Oppenheimer lowered their price target on Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, UBS Group set a $100.00 price objective on Agilysys in a report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $116.57.

Insider Transactions at Agilysys

In other news, Director John Mutch sold 500 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $110.83, for a total transaction of $55,415.00. Following the completion of the sale, the director now owns 31,404 shares in the company, valued at $3,480,505.32. The trade was a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 19.30% of the stock is owned by company insiders.

Agilysys Trading Up 0.6%

AGYS stock opened at $109.95 on Tuesday. The business has a fifty day moving average price of $88.07 and a 200 day moving average price of $96.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $142.64. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 137.44 and a beta of 0.74.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its earnings results on Monday, May 19th. The software maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.26 by $0.28. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company had revenue of $74.27 million for the quarter, compared to analysts' expectations of $71.43 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The business's revenue for the quarter was up 19.4% on a year-over-year basis. Analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Agilysys Company 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.

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