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

Geneva Capital Management LLC decreased its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 665,944 shares of the software maker’s stock after selling 9,442 shares during the quarter. Agilysys makes up about 1.5% of Geneva Capital Management LLC’s holdings, making the stock its 21st biggest position. Geneva Capital Management LLC owned approximately 2.38% of Agilysys worth $87,711,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. increased its stake in shares of Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after purchasing an additional 182 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after buying an additional 193 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Agilysys by 381.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after buying an additional 336 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Agilysys during the 4th quarter worth $61,000. Finally, Assetmark Inc. bought a new stake in shares of Agilysys during the 4th quarter worth $115,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Price Performance

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

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. As a group, equities research analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AGYS. Needham & Company LLC decreased their price objective on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday. Oppenheimer reduced their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, January 22nd. Northland Securities increased their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Craig Hallum reduced their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Agilysys presently has a consensus rating of “Moderate Buy” and an average target price of $133.00.

Insider Buying and Selling

In related news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00. Following the completion of the sale, the director now owns 330,576 shares in the company, valued at $43,156,696.80. This trade represents a 2.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 67,500 shares of company stock worth $8,496,000 in the last quarter. 19.30% of the stock is owned by corporate insiders.

Agilysys Company 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.