Conestoga Capital Advisors LLC Increases Stock Position in Agilysys, Inc. $AGYS

Conestoga Capital Advisors LLC grew its holdings in shares of Agilysys, Inc. (NASDAQ:AGYSFree Report) by 14.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 683,741 shares of the software maker’s stock after buying an additional 85,600 shares during the period. Conestoga Capital Advisors LLC’s holdings in Agilysys were worth $48,641,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AGYS. Caitong International Asset Management Co. Ltd increased its stake in shares of Agilysys by 419.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock worth $25,000 after acquiring an additional 172 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Agilysys during the fourth quarter worth about $34,000. Measured Wealth Private Client Group LLC purchased a new stake in Agilysys in the third quarter worth about $43,000. Advisors Asset Management Inc. increased its stake in shares of Agilysys by 30.1% during 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 in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Agilysys by 31.1% during the fourth quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock valued at $66,000 after purchasing an additional 131 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Price Performance

AGYS stock opened at $108.89 on Thursday. Agilysys, Inc. has a 1-year low of $61.50 and a 1-year high of $145.25. The business has a fifty day moving average price of $81.31 and a 200-day moving average price of $86.75. The stock has a market capitalization of $3.07 billion, a P/E ratio of 80.07 and a beta of 0.36.

Agilysys (NASDAQ:AGYSGet Free Report) last released its quarterly earnings data on Monday, May 18th. The software maker reported $0.63 EPS for the quarter, beating the consensus estimate of $0.51 by $0.12. Agilysys had a return on equity of 11.07% and a net margin of 12.15%.The company had revenue of $82.95 million for the quarter, compared to analysts’ expectations of $81.56 million. During the same period last year, the firm posted $0.54 earnings per share. Agilysys’s revenue was up 11.7% compared to the same quarter last year. As a group, analysts anticipate that Agilysys, Inc. will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

AGYS has been the topic of a number of analyst reports. Oppenheimer boosted their price target on Agilysys from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Zacks Research upgraded Agilysys from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 3rd. Piper Sandler initiated coverage on Agilysys in a report on Tuesday, June 2nd. They issued an “overweight” rating and a $110.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Agilysys in a report on Tuesday, May 19th. Finally, UBS Group set a $110.00 target price on Agilysys in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Agilysys currently has an average rating of “Moderate Buy” and a consensus target price of $116.00.

Get Our Latest Stock Analysis on AGYS

Agilysys Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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