Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC grew its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 79.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 285,071 shares of the software maker’s stock after buying an additional 126,193 shares during the quarter. Conestoga Capital Advisors LLC owned 1.02% of Agilysys worth $31,064,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Agilysys by 12.3% during the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after purchasing an additional 217,008 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in Agilysys by 13.8% during the first quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after buying an additional 87,549 shares during the last quarter. Geneva Capital Management LLC boosted its stake in Agilysys by 10.6% during the first quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock worth $57,805,000 after buying an additional 65,672 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Agilysys by 91.6% during the first quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker’s stock worth $2,797,000 after buying an additional 15,870 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Agilysys during the second quarter worth $1,847,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Price Performance

Agilysys stock traded up $0.53 during mid-day trading on Friday, hitting $100.57. 71,892 shares of the company were exchanged, compared to its average volume of 214,477. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 2.34. The business’s 50 day simple moving average is $108.66 and its two-hundred day simple moving average is $101.67. The company has a market capitalization of $2.81 billion, a P/E ratio of 28.50 and a beta of 0.83. Agilysys, Inc. has a 12-month low of $73.52 and a 12-month high of $125.73.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. Analysts forecast that Agilysys, Inc. will post 0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AGYS has been the topic of several recent analyst reports. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Agilysys in a research note on Tuesday. Oppenheimer upped their price target on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. BTIG Research increased their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Northland Securities reissued an “outperform” rating and set a $145.00 target price (up previously from $132.00) on shares of Agilysys in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $127.80.

Insider Buying and Selling

In related news, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $102.03, for a total value of $1,020,300.00. Following the completion of the sale, the chief executive officer now directly owns 738,367 shares of the company’s stock, valued at $75,335,585.01. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $102.03, for a total value of $1,020,300.00. Following the completion of the sale, the chief executive officer now directly owns 738,367 shares in the company, valued at $75,335,585.01. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Mutch sold 1,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total value of $113,690.00. Following the sale, the director now owns 36,326 shares of the company’s stock, valued at $4,129,902.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,000 shares of company stock worth $3,734,810. 19.30% of the stock is currently owned by corporate insiders.

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.