Emerald Mutual Fund Advisers Trust Has $18.67 Million Position in Agilysys, Inc. (NASDAQ:AGYS)

Emerald Mutual Fund Advisers Trust decreased its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,322 shares of the software maker's stock after selling 9,211 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.61% of Agilysys worth $18,669,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Conestoga Capital Advisors LLC raised its position in shares of Agilysys by 79.4% in the third quarter. Conestoga Capital Advisors LLC now owns 285,071 shares of the software maker's stock valued at $31,064,000 after buying an additional 126,193 shares in the last quarter. Oak Ridge Investments LLC acquired a new stake in Agilysys during the third quarter worth approximately $3,112,000. US Bancorp DE increased its stake in Agilysys by 11.2% during the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker's stock worth $133,000 after acquiring an additional 122 shares during the period. State of Alaska Department of Revenue raised its holdings in Agilysys by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,718 shares of the software maker's stock valued at $1,385,000 after acquiring an additional 862 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Agilysys by 5.9% during the 3rd quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the software maker's stock valued at $1,177,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 88.00% of the company's stock.

Insider Activity

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

Agilysys Price Performance

Agilysys stock traded up $2.35 during mid-day trading on Friday, reaching $102.39. The company had a trading volume of 321,427 shares, compared to its average volume of 212,788. The business has a fifty day simple moving average of $108.50 and a 200 day simple moving average of $102.08. The company has a market cap of $2.86 billion, a P/E ratio of 29.17 and a beta of 0.85. Agilysys, Inc. has a fifty-two week low of $73.52 and a fifty-two week high of $125.73. The company has a current ratio of 1.13, a quick ratio of 2.34 and a debt-to-equity ratio of 0.19.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AGYS. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 price target on shares of Agilysys in a research note on Tuesday, October 29th. Oppenheimer boosted their target price on shares of Agilysys from $100.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, July 19th. Craig Hallum increased their price target on shares of Agilysys from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. BTIG Research lifted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Finally, StockNews.com cut Agilysys from a "buy" rating to a "hold" rating in a research note on Thursday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Agilysys presently has a consensus rating of "Moderate Buy" and an average price target of $127.80.

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.