Lisanti Capital Growth LLC Acquires New Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Lisanti Capital Growth LLC purchased a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,380 shares of the software maker's stock, valued at approximately $1,785,000. Lisanti Capital Growth LLC owned approximately 0.06% of Agilysys at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of Agilysys by 2.6% in the third quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker's stock valued at $12,630,000 after buying an additional 2,949 shares during the period. Olympiad Research LP increased its position in Agilysys by 69.7% during the 3rd quarter. Olympiad Research LP now owns 7,268 shares of the software maker's stock valued at $792,000 after purchasing an additional 2,985 shares during the period. Amalgamated Bank lifted its position in shares of Agilysys by 5.3% in the 3rd quarter. Amalgamated Bank now owns 6,496 shares of the software maker's stock worth $708,000 after purchasing an additional 325 shares during the period. Conestoga Capital Advisors LLC boosted its stake in shares of Agilysys by 79.4% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 285,071 shares of the software maker's stock valued at $31,064,000 after purchasing an additional 126,193 shares during the last quarter. Finally, Oak Ridge Investments LLC acquired a new stake in shares of Agilysys during the third quarter worth $3,112,000. 88.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AGYS has been the subject of a number of recent analyst reports. BTIG Research increased their price target on Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. StockNews.com downgraded Agilysys from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price objective on shares of Agilysys in a research report on Tuesday, October 29th. Northland Securities reaffirmed an "outperform" rating and issued a $145.00 price target (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Finally, Oppenheimer lifted their price objective on Agilysys from $100.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Agilysys presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.80.

Agilysys Trading Up 3.4 %

Shares of NASDAQ:AGYS traded up $4.08 on Monday, hitting $122.89. The company had a trading volume of 150,776 shares, compared to its average volume of 215,717. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The firm's 50-day simple moving average is $108.51 and its two-hundred day simple moving average is $103.10. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $125.73. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 34.81 and a beta of 0.85.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. Agilysys's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 earnings per share. Equities analysts anticipate that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Activity

In other Agilysys news, SVP Kyle C. Badger sold 471 shares of Agilysys stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $47,505.06. Following the sale, the senior vice president now owns 115,117 shares of the company's stock, valued at $11,610,700.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Agilysys news, SVP Kyle C. Badger sold 471 shares of the business's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $47,505.06. Following the completion of the transaction, the senior vice president now owns 115,117 shares in the company, valued at $11,610,700.62. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Chris J. Robertson sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total value of $435,320.00. Following the sale, the insider now owns 22,888 shares of the company's stock, valued at approximately $2,490,901.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,823 shares of company stock worth $3,920,368 over the last 90 days. 19.30% of the stock is currently owned by corporate insiders.

Agilysys 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.