Geneva Capital Management LLC Trims Position in Agilysys, Inc. (NASDAQ:AGYS)

Geneva Capital Management LLC lessened its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 665,944 shares of the software maker's stock after selling 9,442 shares during the quarter. Agilysys comprises approximately 1.5% of Geneva Capital Management LLC's portfolio, making the stock its 21st biggest position. Geneva Capital Management LLC owned about 2.38% of Agilysys worth $87,711,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AGYS. Advisors Asset Management Inc. raised its position in Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock worth $37,000 after buying an additional 182 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock valued at $49,000 after acquiring an additional 193 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of 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 acquiring an additional 336 shares during the period. Arcadia Investment Management Corp MI purchased a new position in Agilysys during the fourth quarter worth about $61,000. Finally, Assetmark Inc. acquired a new stake in Agilysys in the fourth quarter valued at about $115,000. 88.00% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Agilysys

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company'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 sale, the director now directly owns 330,576 shares in the company, valued at $43,156,696.80. This represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 67,500 shares of company stock worth $8,496,000. 19.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AGYS shares. Craig Hallum dropped their target price on 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 objective on Agilysys in a report on Wednesday, March 5th. Oppenheimer reduced their target price on Agilysys from $150.00 to $135.00 and set an "outperform" rating for the company in a report on Wednesday, January 22nd. Needham & Company LLC lowered their price target on shares of Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Finally, Northland Securities increased their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $127.50.

Agilysys Price Performance

Shares of NASDAQ:AGYS traded down $4.05 during midday trading on Monday, hitting $73.96. 338,733 shares of the stock were exchanged, compared to its average volume of 415,967. The stock has a market cap of $2.07 billion, a P/E ratio of 92.45 and a beta of 0.98. Agilysys, Inc. has a twelve month low of $72.98 and a twelve month high of $142.64. The company has a 50 day moving average price of $100.52 and a 200-day moving average price of $111.67. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

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