Conestoga Capital Advisors LLC Has $31.06 Million Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Conestoga Capital Advisors LLC increased its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 79.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,071 shares of the software maker's stock after purchasing an additional 126,193 shares during the period. Conestoga Capital Advisors LLC owned 1.02% of Agilysys worth $31,064,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AGYS. Oak Ridge Investments LLC bought a new position in shares of Agilysys during the 3rd quarter valued at about $3,112,000. US Bancorp DE boosted its holdings in Agilysys by 11.2% during the third quarter. US Bancorp DE now owns 1,216 shares of the software maker's stock worth $133,000 after buying an additional 122 shares in the last quarter. State of Alaska Department of Revenue grew its position in Agilysys by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 12,718 shares of the software maker's stock worth $1,385,000 after buying an additional 862 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Agilysys by 5.9% in the 3rd quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the software maker's stock worth $1,177,000 after acquiring an additional 600 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Agilysys by 19.9% during the third quarter. Assenagon Asset Management S.A. now owns 199,207 shares of the software maker's stock valued at $21,708,000 after purchasing an additional 33,066 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Agilysys

In other Agilysys news, insider Chris J. Robertson sold 4,000 shares of the firm's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the transaction, the insider now directly owns 22,888 shares in the company, valued at $2,490,901.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Agilysys news, Director John Mutch sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total transaction of $113,690.00. Following the transaction, the director now owns 36,326 shares in the company, valued at $4,129,902.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Chris J. Robertson sold 4,000 shares of Agilysys stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the completion of the transaction, the insider now directly owns 22,888 shares in the company, valued at approximately $2,490,901.04. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,000 shares of company stock worth $3,734,810 in the last 90 days. 19.30% of the stock is owned by insiders.

Agilysys Stock Up 2.3 %

AGYS traded up $2.35 during trading on Friday, reaching $102.39. 316,216 shares of the stock traded hands, compared to its average volume of 215,630. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 2.34. Agilysys, Inc. has a fifty-two week low of $73.52 and a fifty-two week high of $125.73. The stock's 50-day simple moving average is $108.66 and its two-hundred day simple moving average is $101.67. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 28.50 and a beta of 0.83.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. As a group, equities research analysts expect that Agilysys, Inc. will post 0.62 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on AGYS. Oppenheimer raised their target price on shares of Agilysys from $100.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, July 19th. Craig Hallum raised their price objective on shares of Agilysys from $105.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, July 23rd. Needham & Company LLC reiterated a "buy" rating and set a $125.00 price objective on shares of Agilysys in a research report on Tuesday. BTIG Research increased their target price on Agilysys from $118.00 to $124.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Northland Securities reissued an "outperform" rating and set a $145.00 price target (up from $132.00) on shares of Agilysys in a research report on Tuesday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $127.80.

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.