Conestoga Capital Advisors LLC Buys 71,168 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Conestoga Capital Advisors LLC boosted its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 25.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 356,239 shares of the software maker's stock after acquiring an additional 71,168 shares during the quarter. Conestoga Capital Advisors LLC owned 1.27% of Agilysys worth $46,920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Synergy Asset Management LLC grew its position in Agilysys by 19.1% during the 4th quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker's stock worth $11,157,000 after acquiring an additional 13,785 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Agilysys by 59.1% during the third quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker's stock valued at $16,959,000 after purchasing an additional 53,026 shares during the period. State Street Corp grew its holdings in shares of Agilysys by 5.0% in the third 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 during the last quarter. Geode Capital Management LLC increased its stake in shares of Agilysys by 6.2% in the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker's stock worth $57,614,000 after buying an additional 30,655 shares during the period. Finally, CWM LLC raised its holdings in Agilysys by 169.2% during the 3rd quarter. CWM LLC now owns 673 shares of the software maker's stock valued at $73,000 after buying an additional 423 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Stock Down 2.0 %

Shares of NASDAQ:AGYS traded down $1.80 during trading on Thursday, hitting $86.34. The stock had a trading volume of 204,353 shares, compared to its average volume of 422,761. The company has a market capitalization of $2.41 billion, a PE ratio of 107.93 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 firm's fifty day moving average is $123.62 and its 200 day moving average is $115.66. Agilysys, Inc. has a 12 month low of $74.03 and a 12 month high of $142.64.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $69.60 million during 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 revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $0.35 EPS. Analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on AGYS. BTIG Research boosted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Needham & Company LLC reduced their price target on Agilysys from $145.00 to $125.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Northland Securities increased their price objective on Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Oppenheimer reduced 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. Finally, StockNews.com lowered Agilysys from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. One investment 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 stock presently has an average rating of "Moderate Buy" and an average price target of $138.00.

Insider Buying and Selling at Agilysys

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total value of $979,125.00. Following the completion of the transaction, the director now owns 330,576 shares in the company, valued at $43,156,696.80. The trade was a 2.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chris J. Robertson sold 729 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $134.01, for a total value of $97,693.29. Following the sale, the insider now directly owns 21,895 shares in the company, valued at $2,934,148.95. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,879 shares of company stock worth $9,316,137. 19.30% of the stock is 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.