Geneva Capital Management LLC Boosts Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Geneva Capital Management LLC lifted its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 620,361 shares of the software maker’s stock after buying an additional 102,939 shares during the quarter. Geneva Capital Management LLC owned about 2.27% of Agilysys worth $52,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AGYS shares. Needham & Company LLC upped their price objective on shares of Agilysys from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. StockNews.com raised Agilysys from a “hold” rating to a “buy” rating in a research report on Tuesday. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, Agilysys presently has a consensus rating of “Buy” and an average target price of $88.75.

Agilysys Stock Up 0.5 %

Shares of NASDAQ AGYS traded up $0.44 during midday trading on Thursday, hitting $81.03. The stock had a trading volume of 102,923 shares, compared to its average volume of 196,440. The business’s 50 day moving average is $80.69 and its 200-day moving average is $82.71. Agilysys, Inc. has a 52 week low of $62.00 and a 52 week high of $91.61. The company has a market cap of $2.22 billion, a P/E ratio of 25.40 and a beta of 0.68.

Insider Buying and Selling at Agilysys

In other news, major shareholder Mak Capital One Llc sold 867,729 shares of Agilysys stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $82.59, for a total value of $71,665,738.11. Following the completion of the sale, the insider now directly owns 2,060,458 shares in the company, valued at $170,173,226.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 23.60% of the company’s stock.

Agilysys Company 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.