Conestoga Capital Advisors LLC Has $69.02 Million Holdings in Agilysys, Inc. $AGYS

Conestoga Capital Advisors LLC lowered its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 10.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 655,779 shares of the software maker’s stock after selling 76,485 shares during the period. Conestoga Capital Advisors LLC owned approximately 2.34% of Agilysys worth $69,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AGYS. Global Retirement Partners LLC boosted its position in shares of Agilysys by 118.5% during the third quarter. Global Retirement Partners LLC now owns 260 shares of the software maker’s stock valued at $27,000 after buying an additional 141 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in Agilysys during the 2nd quarter valued at $30,000. GAMMA Investing LLC boosted its holdings in Agilysys by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock worth $35,000 after acquiring an additional 92 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Agilysys by 215.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker’s stock worth $39,000 after acquiring an additional 250 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Agilysys by 30.1% in the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after purchasing an additional 159 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Stock Performance

Shares of AGYS opened at $117.37 on Monday. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $145.25. The business has a 50-day moving average of $123.04 and a 200 day moving average of $115.66. The firm has a market cap of $3.29 billion, a P/E ratio of 136.48 and a beta of 0.43.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share for the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. The firm had revenue of $36.34 million during the quarter. As a group, research analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on AGYS shares. Weiss Ratings restated a “hold (c)” rating on shares of Agilysys in a report on Wednesday, October 8th. UBS Group reaffirmed a “buy” rating on shares of Agilysys in a report on Monday, December 15th. Cantor Fitzgerald reiterated an “overweight” rating and set a $140.00 price target on shares of Agilysys in a report on Tuesday, October 28th. BTIG Research began coverage on Agilysys in a research report on Tuesday, December 16th. They issued a “neutral” rating on the stock. Finally, Oppenheimer raised their target price on Agilysys from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $141.17.

Insider Buying and Selling

In related news, insider Sethuram Shivashankar sold 497 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $124.64, for a total value of $61,946.08. Following the completion of the transaction, the insider directly owned 24,031 shares of the company’s stock, valued at approximately $2,995,223.84. This trade represents a 2.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris J. Robertson sold 500 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $131.34, for a total transaction of $65,670.00. Following the sale, the insider directly owned 687 shares in the company, valued at $90,230.58. The trade was a 42.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 15,576 shares of company stock worth $1,882,370 in the last 90 days. 8.60% of the stock is currently owned by company insiders.

Agilysys Profile

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.