DF Dent & Co. Inc. Boosts Stake in Agilysys, Inc. (NASDAQ:AGYS)

DF Dent & Co. Inc. lifted its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 110.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,754 shares of the software maker's stock after buying an additional 59,082 shares during the quarter. DF Dent & Co. Inc. owned approximately 0.40% of Agilysys worth $14,851,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AGYS. Huntington National Bank grew its position in Agilysys by 319.1% in the 4th quarter. Huntington National Bank now owns 922 shares of the software maker's stock valued at $121,000 after acquiring an additional 702 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Agilysys by 521.7% in the fourth quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker's stock worth $80,347,000 after purchasing an additional 511,900 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Agilysys in the 4th quarter worth about $207,000. Intrust Bank NA purchased a new stake in Agilysys in the 4th quarter valued at about $356,000. Finally, Riverchase Wealth Management LLC bought a new position in Agilysys in the 4th quarter worth about $370,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Stock Performance

Shares of NASDAQ AGYS traded down $0.44 during midday trading on Tuesday, reaching $66.76. 108,514 shares of the stock were exchanged, compared to its average volume of 253,939. The firm has a 50-day simple moving average of $79.81 and a two-hundred day simple moving average of $106.88. Agilysys, Inc. has a twelve month low of $66.29 and a twelve month high of $142.64. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 84.01 and a beta of 0.64. 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 - Get Free Report) last posted its earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.04. The firm had revenue of $69.60 million for the quarter, compared to analysts' expectations of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company's quarterly revenue was up 14.9% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. As a group, analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AGYS has been the subject of several research analyst reports. Oppenheimer decreased their price target on shares of Agilysys from $150.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, January 22nd. Needham & Company LLC lowered their target price on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Craig Hallum cut their target price on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. UBS Group set a $100.00 price target on shares of Agilysys in a report on Wednesday, March 5th. Finally, Northland Securities boosted their price target on Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. 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, Agilysys has an average rating of "Moderate Buy" and a consensus target price of $127.50.

Insider Activity at Agilysys

In other Agilysys news, Director John Mutch sold 750 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $2,403,328.32. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $130.29, for a total value of $977,175.00. Following the completion of the sale, the director now owns 293,076 shares of the company's stock, valued at $38,184,872.04. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,250 shares of company stock valued at $6,751,563. 19.30% of the stock is owned by company insiders.

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.