Geneva Capital Management LLC Has $55.52 Million Stake in Agilysys, Inc. (NASDAQ:AGYS)

Geneva Capital Management LLC lifted its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 14.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 765,363 shares of the software maker's stock after purchasing an additional 99,419 shares during the quarter. Geneva Capital Management LLC owned 2.74% of Agilysys worth $55,519,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. LPL Financial LLC increased its position in Agilysys by 21.9% during the fourth quarter. LPL Financial LLC now owns 11,519 shares of the software maker's stock worth $1,517,000 after purchasing an additional 2,066 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Agilysys by 729.1% during the fourth quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker's stock worth $52,487,000 after purchasing an additional 350,441 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Agilysys by 39.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,748 shares of the software maker's stock valued at $494,000 after purchasing an additional 1,069 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Agilysys during the fourth quarter worth about $207,000. Finally, Huntington National Bank increased its stake in shares of Agilysys by 319.1% during the fourth quarter. Huntington National Bank now owns 922 shares of the software maker's stock worth $121,000 after acquiring an additional 702 shares during the period. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Stock Down 2.4%

AGYS stock traded down $2.79 during trading hours on Thursday, hitting $112.41. The company's stock had a trading volume of 67,146 shares, compared to its average volume of 317,200. The company has a market capitalization of $3.15 billion, a PE ratio of 224.81 and a beta of 0.71. The stock has a 50 day moving average price of $113.41 and a two-hundred day moving average price of $92.34. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.04. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its earnings results on Monday, July 21st. The software maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The firm had revenue of $76.68 million during the quarter, compared to analyst estimates of $74.42 million. Agilysys had a net margin of 4.85% and a return on equity of 11.13%. The business's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, equities research analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AGYS shares. Cantor Fitzgerald started coverage on Agilysys in a report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective for the company. Oppenheimer upped their price objective on Agilysys from $90.00 to $120.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Needham & Company LLC reissued a "buy" rating and issued a $105.00 price objective (up from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Finally, Northland Securities set a $152.00 price target on shares of Agilysys in a research report on Tuesday, May 20th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $120.86.

Insider Activity at Agilysys

In related news, SVP Kyle C. Badger sold 326 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total transaction of $36,965.14. Following the completion of the transaction, the senior vice president directly owned 114,791 shares in the company, valued at $13,016,151.49. This represents a 0.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William David Wood III sold 321 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $113.39, for a total value of $36,398.19. Following the transaction, the chief financial officer owned 47,288 shares in the company, valued at $5,361,986.32. This represents a 0.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,405 shares of company stock worth $158,033. Insiders own 8.60% of the company's stock.

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.