Riverbridge Partners LLC acquired a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 453,717 shares of the software maker's stock, valued at approximately $32,913,000. Riverbridge Partners LLC owned about 1.62% of Agilysys at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Conestoga Capital Advisors LLC increased its position in Agilysys by 105.2% in the first quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker's stock worth $53,030,000 after purchasing an additional 374,800 shares during the last quarter. Trust Point Inc. bought a new stake in Agilysys in the first quarter worth $286,000. Fifth Third Bancorp increased its position in Agilysys by 22.9% in the first quarter. Fifth Third Bancorp now owns 6,008 shares of the software maker's stock worth $436,000 after purchasing an additional 1,118 shares during the last quarter. SG Americas Securities LLC increased its position in Agilysys by 366.5% in the first quarter. SG Americas Securities LLC now owns 19,555 shares of the software maker's stock worth $1,419,000 after purchasing an additional 15,363 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased 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 last quarter. Institutional investors own 88.00% of the company's stock.
Insider Activity
In other news, Director John Mutch sold 500 shares of the business's stock in a transaction on Thursday, June 5th. The shares were 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 directly owns 31,404 shares of the company's stock, valued at approximately $3,480,505.32. The trade was a 1.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 19.30% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Needham & Company LLC restated a "buy" rating and issued a $105.00 price target (up previously from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Northland Securities set a $152.00 price objective on shares of Agilysys in a research report on Tuesday, May 20th. Cantor Fitzgerald assumed coverage on shares of Agilysys in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective on the stock. Oppenheimer cut their price objective on shares of 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 shares of Agilysys in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $116.57.
Get Our Latest Stock Analysis on Agilysys
Agilysys Trading Up 4.3%
AGYS stock traded up $4.66 during mid-day trading on Monday, reaching $113.15. 325,258 shares of the stock traded hands, compared to its average volume of 268,342. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.07 and a current ratio of 1.11. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The stock has a market capitalization of $3.17 billion, a PE ratio of 136.33 and a beta of 0.73. The business has a 50-day moving average price of $91.08 and a two-hundred day moving average price of $95.91.
Agilysys (NASDAQ:AGYS - Get Free Report) last issued its earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.28. The firm had revenue of $74.27 million during the quarter, compared to analyst estimates of $71.43 million. Agilysys had a net margin of 8.43% and a return on equity of 11.24%. The business's revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share. Equities research analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.
About Agilysys
(
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.
Further Reading
Before you consider Agilysys, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Agilysys wasn't on the list.
While Agilysys currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
