Lisanti Capital Growth LLC Has $2.28 Million Position in Agilysys, Inc. (NASDAQ:AGYS)

Lisanti Capital Growth LLC raised its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,335 shares of the software maker’s stock after buying an additional 955 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Agilysys were worth $2,283,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. FMR LLC grew its position in shares of Agilysys by 1,197.1% in the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after purchasing an additional 466,704 shares during the period. Lord Abbett & CO. LLC grew its position in shares of Agilysys by 47.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after purchasing an additional 340,424 shares during the period. Principal Financial Group Inc. grew its position in shares of Agilysys by 268.0% in the 4th quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker’s stock valued at $56,169,000 after purchasing an additional 310,573 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Agilysys in the 4th quarter valued at approximately $19,637,000. Finally, Franklin Resources Inc. grew its position in shares of Agilysys by 434.3% in the 3rd quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock valued at $11,477,000 after purchasing an additional 79,764 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Trading Down 3.3 %

Shares of Agilysys stock opened at $78.89 on Friday. Agilysys, Inc. has a 12-month low of $74.03 and a 12-month high of $142.64. The stock has a market cap of $2.21 billion, a P/E ratio of 98.61 and a beta of 0.93. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $101.68 and its 200-day moving average is $111.84.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $73.15 million. During the same quarter in the prior year, the business earned $0.35 EPS. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. Equities research analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Insider Activity at Agilysys

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the transaction, the director now directly owns 315,576 shares of the company’s stock, valued at $41,132,175.84. This represents a 2.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 67,500 shares of company stock worth $8,496,000. Company insiders own 19.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Craig Hallum decreased their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Northland Securities boosted their price objective on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC cut their target price on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Oppenheimer cut their target price on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Agilysys presently has an average rating of “Moderate Buy” and an average price target of $133.00.

About Agilysys

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.