Conestoga Capital Advisors LLC Grows Position in Agilysys, Inc. (NASDAQ:AGYS)

Conestoga Capital Advisors LLC grew its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 25.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 356,239 shares of the software maker’s stock after acquiring an additional 71,168 shares during the period. Conestoga Capital Advisors LLC owned about 1.27% of Agilysys worth $46,920,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AGYS. Advisors Asset Management Inc. increased its position in shares of Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares during the period. GAMMA Investing LLC lifted its position in shares of Agilysys by 66.7% during the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after purchasing an additional 166 shares during the last quarter. NBC Securities Inc. acquired a new position in Agilysys in the 3rd quarter valued at approximately $46,000. Harbor Investment Advisory LLC grew its stake in shares of Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after purchasing an additional 193 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after buying an additional 205 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Agilysys Price Performance

Shares of NASDAQ:AGYS opened at $88.11 on Monday. The business has a 50-day simple moving average of $126.60 and a two-hundred day simple moving average of $116.11. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 110.14 and a beta of 0.93. Agilysys, Inc. has a fifty-two week low of $74.03 and a fifty-two week high of $142.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14.

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

Insider Buying and Selling at Agilysys

In other news, Director John Mutch sold 500 shares of Agilysys stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $104.24, for a total transaction of $52,120.00. Following the completion of the transaction, the director now directly owns 35,858 shares of the company’s stock, valued at $3,737,837.92. The trade was a 1.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Melvin L. Keating sold 1,920 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $117.55, for a total value of $225,696.00. Following the transaction, the director now owns 39,587 shares in the company, valued at $4,653,451.85. This trade represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,299 shares of company stock valued at $9,593,953. 19.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AGYS has been the subject of a number of research reports. Needham & Company LLC lowered their target price on Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Oppenheimer cut 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. Northland Securities lifted their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, BTIG Research increased their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $138.00.

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.