Geneva Capital Management LLC Has $87.71 Million Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Geneva Capital Management LLC lessened its stake in Agilysys, Inc. (NASDAQ:AGYS) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 665,944 shares of the software maker’s stock after selling 9,442 shares during the quarter. Agilysys accounts for about 1.5% of Geneva Capital Management LLC’s holdings, making the stock its 21st biggest holding. Geneva Capital Management LLC’s holdings in Agilysys were worth $87,711,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC grew its position in shares of Agilysys by 47.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock worth $115,383,000 after buying an additional 340,424 shares during the period. State Street Corp lifted its stake in Agilysys by 5.0% in the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after buying an additional 43,760 shares in the last quarter. Geode Capital Management LLC lifted its stake in Agilysys by 6.2% in the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after buying an additional 30,655 shares in the last quarter. FMR LLC lifted its stake in Agilysys by 1,197.1% in the third quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after buying an additional 466,704 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in Agilysys by 5.3% in the third quarter. Loomis Sayles & Co. L P now owns 502,422 shares of the software maker’s stock valued at $54,749,000 after buying an additional 25,254 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AGYS shares. Oppenheimer cut their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. Craig Hallum cut their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Northland Securities lifted their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Needham & Company LLC cut their price target on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $133.00.

Agilysys Trading Up 1.9 %

Shares of Agilysys stock opened at $81.61 on Thursday. Agilysys, Inc. has a 52-week low of $74.03 and a 52-week high of $142.64. The firm has a 50-day moving average of $102.86 and a 200-day moving average of $112.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The stock has a market cap of $2.28 billion, a PE ratio of 102.01 and a beta of 0.93.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The business had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. Agilysys’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share. As a group, sell-side analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.

Insider Transactions at Agilysys

In other news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $132.98, for a total value of $997,350.00. Following the completion of the transaction, the director now owns 270,576 shares of the company’s stock, valued at approximately $35,981,196.48. This represents a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 67,500 shares of company stock valued at $8,496,000. 19.30% of the stock is currently owned by insiders.

Agilysys 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.