RiverPark Advisors LLC Purchases 1,383 Shares of Agilysys, Inc. (NASDAQ:AGYS)

RiverPark Advisors LLC lifted its position in Agilysys, Inc. (NASDAQ:AGYS) by 361.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,766 shares of the software maker’s stock after acquiring an additional 1,383 shares during the quarter. RiverPark Advisors LLC’s holdings in Agilysys were worth $149,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Semanteon Capital Management LP purchased a new position in Agilysys in the 4th quarter worth about $1,195,000. Axiom Investors LLC DE increased its stake in Agilysys by 421.7% in the 4th quarter. Axiom Investors LLC DE now owns 58,040 shares of the software maker’s stock worth $4,923,000 after buying an additional 46,915 shares during the period. Quadrature Capital Ltd purchased a new position in Agilysys in the 4th quarter worth about $3,522,000. Wellington Management Group LLP increased its stake in Agilysys by 159.4% in the 3rd quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock worth $39,814,000 after buying an additional 369,780 shares during the period. Finally, Vanguard Group Inc. increased its stake in Agilysys by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker’s stock worth $121,617,000 after buying an additional 106,026 shares during the period. Institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

AGYS has been the topic of a number of research reports. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, July 4th. Oppenheimer raised their target price on shares of Agilysys from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Needham & Company LLC raised their target price on shares of Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Finally, William Blair initiated coverage on shares of Agilysys in a research report on Monday, June 24th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.33.

Insider Activity

In related news, SVP Kyle C. Badger sold 249 shares of Agilysys stock in a transaction on Monday, July 1st. The stock was sold at an average price of $102.03, for a total value of $25,405.47. Following the completion of the transaction, the senior vice president now directly owns 115,834 shares in the company, valued at $11,818,543.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Kyle C. Badger sold 249 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $102.03, for a total value of $25,405.47. Following the transaction, the senior vice president now owns 115,834 shares in the company, valued at approximately $11,818,543.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mak Capital One Llc sold 116,653 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $100.12, for a total value of $11,679,298.36. Following the completion of the transaction, the director now owns 1,903,850 shares in the company, valued at approximately $190,613,462. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 700,935 shares of company stock valued at $67,375,071. 23.60% of the stock is currently owned by corporate insiders.

Agilysys Stock Performance

Shares of AGYS traded down $0.83 during trading hours on Tuesday, hitting $104.67. The stock had a trading volume of 166,115 shares, compared to its average volume of 216,107. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 33.19 and a beta of 0.82. The firm has a 50-day moving average price of $94.70 and a 200 day moving average price of $86.21. Agilysys, Inc. has a fifty-two week low of $63.78 and a fifty-two week high of $105.68.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. The firm had revenue of $62.22 million for the quarter, compared to the consensus estimate of $61.95 million. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share. As a group, analysts predict that Agilysys, Inc. will post 0.69 EPS for the current fiscal year.

Agilysys 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.