Conestoga Capital Advisors LLC Acquires 85,600 Shares of Agilysys, Inc. $AGYS

Conestoga Capital Advisors LLC increased its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 14.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 683,741 shares of the software maker’s stock after purchasing an additional 85,600 shares during the period. Conestoga Capital Advisors LLC owned 2.43% of Agilysys worth $48,641,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AGYS. Caitong International Asset Management Co. Ltd grew its position in shares of Agilysys by 419.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after purchasing an additional 172 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Agilysys during the 4th quarter valued at about $34,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Agilysys during the third quarter worth about $43,000. Advisors Asset Management Inc. grew its holdings 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 worth $50,000 after purchasing an additional 159 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Agilysys by 31.1% in the fourth quarter. GAMMA Investing LLC now owns 552 shares of the software maker’s stock worth $66,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Trading Up 4.2%

Shares of AGYS opened at $108.89 on Thursday. The firm’s 50-day moving average price is $81.31 and its 200-day moving average price is $86.75. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 80.07 and a beta of 0.36. Agilysys, Inc. has a 1-year low of $61.50 and a 1-year high of $145.25.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, May 18th. The software maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.12. The company had revenue of $82.95 million during the quarter, compared to the consensus estimate of $81.56 million. Agilysys had a net margin of 12.15% and a return on equity of 11.07%. Agilysys’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. On average, research analysts forecast that Agilysys, Inc. will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on AGYS. Weiss Ratings upgraded shares of Agilysys from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 11th. Piper Sandler assumed coverage on Agilysys in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $110.00 price target for the company. Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a report on Wednesday, June 17th. Oppenheimer increased their price objective on Agilysys from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Finally, UBS Group set a $110.00 price objective on Agilysys in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

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.