DF Dent & Co. Inc. Acquires 59,082 Shares of Agilysys, Inc. (NASDAQ:AGYS)

DF Dent & Co. Inc. lifted its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 110.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,754 shares of the software maker’s stock after buying an additional 59,082 shares during the period. DF Dent & Co. Inc.’s holdings in Agilysys were worth $14,851,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Synergy Asset Management LLC boosted its position in Agilysys by 19.1% during the fourth quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock valued at $11,157,000 after purchasing an additional 13,785 shares during the last quarter. State Street Corp raised its stake in shares of Agilysys by 5.0% during the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after purchasing an additional 43,760 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Agilysys by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after buying an additional 30,655 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after buying an additional 336 shares during the last quarter. Finally, Atria Investments Inc bought a new stake in Agilysys during the fourth quarter worth $315,000. Institutional investors own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AGYS shares. Oppenheimer decreased their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, January 22nd. UBS Group set a $100.00 price target on Agilysys in a report on Wednesday, March 5th. Craig Hallum lowered their price target on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Northland Securities raised 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. Finally, Needham & Company LLC decreased their target price on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

Insider Transactions at Agilysys

In related news, Director John Mutch sold 750 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the transaction, the director now directly owns 31,904 shares in the company, valued at approximately $2,403,328.32. This represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $132.04, for a total transaction of $990,300.00. Following the completion of the sale, the director now owns 300,576 shares of the company’s stock, valued at $39,688,055.04. This trade represents a 2.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,750 shares of company stock valued at $7,729,113. 19.30% of the stock is currently owned by corporate insiders.

Agilysys Stock Up 3.3 %

Agilysys stock opened at $74.64 on Thursday. Agilysys, Inc. has a twelve month low of $70.40 and a twelve month high of $142.64. The stock has a market cap of $2.09 billion, a P/E ratio of 93.30 and a beta of 0.98. The company’s 50-day moving average price is $81.20 and its two-hundred day moving average price is $107.56. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. As a group, analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.

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.