DF Dent & Co. Inc. Acquires 59,082 Shares of Agilysys, Inc. (NASDAQ:AGYS)

DF Dent & Co. Inc. increased its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 110.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,754 shares of the software maker’s stock after buying an additional 59,082 shares during the period. DF Dent & Co. Inc. owned 0.40% of Agilysys worth $14,851,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Agilysys by 9.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 199,006 shares of the software maker’s stock worth $21,686,000 after purchasing an additional 16,935 shares in the last quarter. FMR LLC raised its position in Agilysys by 1,197.1% in the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock worth $55,105,000 after purchasing an additional 466,704 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Agilysys by 9.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 47,900 shares of the software maker’s stock worth $5,220,000 after buying an additional 4,213 shares in the last quarter. Glenmede Trust Co. NA bought a new position in Agilysys in the 3rd quarter valued at $217,000. Finally, Polar Asset Management Partners Inc. increased its stake in shares of Agilysys by 198.4% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 74,300 shares of the software maker’s stock valued at $8,096,000 after buying an additional 49,400 shares during the period. Institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Northland Securities upped their price target on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Needham & Company LLC cut their target price on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. UBS Group set a $100.00 price target on shares of Agilysys in a research report on Wednesday, March 5th. Oppenheimer cut their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Finally, Craig Hallum lowered their target price 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 analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $127.50.

Agilysys Stock Performance

Shares of NASDAQ:AGYS opened at $74.64 on Thursday. The firm’s 50 day simple moving average is $81.20 and its 200 day simple moving average is $107.56. Agilysys, Inc. has a fifty-two week low of $70.40 and a fifty-two week high of $142.64. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 93.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09.

Agilysys (NASDAQ:AGYS) last posted its earnings results 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. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.15 million. During the same period last year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Transactions at Agilysys

In other Agilysys news, Director John Mutch sold 750 shares of Agilysys stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $75.33, for a total value of $56,497.50. Following the sale, the director now owns 31,904 shares of the company’s stock, valued at $2,403,328.32. This trade represents a 2.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $132.04, for a total value of $990,300.00. Following the transaction, the director now directly owns 300,576 shares of the company’s stock, valued at $39,688,055.04. This represents a 2.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,750 shares of company stock valued at $7,729,113 over the last 90 days. 19.30% of the stock is owned by company 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.