Agilysys, Inc. (NASDAQ:AGYS) Shares Bought by Geneva Capital Management LLC

Geneva Capital Management LLC lifted its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 19.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 620,361 shares of the software maker’s stock after buying an additional 102,939 shares during the quarter. Geneva Capital Management LLC’s holdings in Agilysys were worth $52,619,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. RiverPark Advisors LLC grew its holdings in shares of Agilysys by 53.2% during the 4th quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock worth $32,000 after purchasing an additional 133 shares during the period. Pacer Advisors Inc. grew its stake in Agilysys by 247.6% during the fourth quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock worth $43,000 after buying an additional 364 shares during the period. Covestor Ltd increased its position in shares of Agilysys by 20.0% in the third quarter. Covestor Ltd now owns 1,871 shares of the software maker’s stock worth $124,000 after acquiring an additional 312 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Agilysys in the 3rd quarter valued at $225,000. Finally, Vawter Financial Ltd. acquired a new position in shares of Agilysys during the 3rd quarter valued at $245,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AGYS shares. Needham & Company LLC increased their price target on Agilysys from $92.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, January 23rd. StockNews.com upgraded Agilysys from a “hold” rating to a “buy” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Agilysys has a consensus rating of “Buy” and an average price target of $88.75.

Agilysys Price Performance

AGYS traded up $0.44 during trading hours on Thursday, reaching $81.03. 102,923 shares of the stock traded hands, compared to its average volume of 196,440. Agilysys, Inc. has a fifty-two week low of $62.00 and a fifty-two week high of $91.61. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 25.40 and a beta of 0.68. The firm’s fifty day simple moving average is $80.69 and its two-hundred day simple moving average is $82.71.

Insider Transactions at Agilysys

In related news, major shareholder Mak Capital One Llc sold 867,729 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $82.59, for a total value of $71,665,738.11. Following the completion of the transaction, the insider now owns 2,060,458 shares of the company’s stock, valued at $170,173,226.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 23.60% of the company’s stock.

Agilysys Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.