Conestoga Capital Advisors LLC grew its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 105.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 731,039 shares of the software maker's stock after acquiring an additional 374,800 shares during the period. Conestoga Capital Advisors LLC owned 2.61% of Agilysys worth $53,030,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC lifted its stake in Agilysys by 381.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock worth $57,000 after acquiring an additional 336 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Agilysys in the 4th quarter valued at about $61,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Agilysys in the 4th quarter valued at about $64,000. Harbor Investment Advisory LLC lifted its position in shares of Agilysys by 64.6% in the 1st 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. Finally, Assetmark Inc. bought a new position in shares of Agilysys during the fourth quarter valued at approximately $115,000. 88.00% of the stock is owned by hedge funds and other institutional investors.
Agilysys Stock Up 0.0%
Shares of Agilysys stock traded up $0.02 during trading on Friday, reaching $108.49. The company's stock had a trading volume of 256,177 shares, compared to its average volume of 269,124. Agilysys, Inc. has a 1-year low of $63.71 and a 1-year high of $142.64. The company has a 50-day simple moving average of $90.28 and a two-hundred day simple moving average of $96.59. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 130.71 and a beta of 0.74.
Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The software maker reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.28. Agilysys had a return on equity of 11.24% and a net margin of 8.43%. The company had revenue of $74.27 million during the quarter, compared to analysts' expectations of $71.43 million. During the same period last year, the business posted $0.32 earnings per share. The firm's revenue was up 19.4% compared to the same quarter last year. As a group, equities analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. UBS Group set a $100.00 price objective on shares of Agilysys in a research note on Wednesday, March 5th. Oppenheimer reduced their price target on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Cantor Fitzgerald assumed coverage on Agilysys in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective for the company. Northland Securities set a $152.00 price objective on Agilysys in a research report on Tuesday, May 20th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $105.00 target price (up from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $116.57.
Read Our Latest Stock Report on AGYS
Insiders Place Their Bets
In related news, Director John Mutch sold 500 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $110.83, for a total value of $55,415.00. Following the completion of the transaction, the director now owns 31,404 shares in the company, valued at $3,480,505.32. This trade represents a 1.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 19.30% of the stock is owned by insiders.
Agilysys Company Profile
(
Free Report)
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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