DF Dent & Co. Inc. Invests $5.85 Million in Agilysys, Inc. (NASDAQ:AGYS)

DF Dent & Co. Inc. purchased a new position in Agilysys, Inc. (NASDAQ:AGYS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 53,672 shares of the software maker’s stock, valued at approximately $5,849,000. DF Dent & Co. Inc. owned about 0.19% of Agilysys at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AGYS. Castleark Management LLC boosted its holdings in shares of Agilysys by 0.9% during the third quarter. Castleark Management LLC now owns 44,684 shares of the software maker’s stock valued at $4,869,000 after acquiring an additional 420 shares during the period. Wellington Management Group LLP lifted its position in Agilysys by 3.1% in the 3rd quarter. Wellington Management Group LLP now owns 417,550 shares of the software maker’s stock valued at $45,500,000 after purchasing an additional 12,389 shares during the last quarter. State Street Corp boosted its stake in Agilysys by 5.0% during the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after purchasing an additional 43,760 shares during the period. Stifel Financial Corp bought a new position in Agilysys in the 3rd quarter worth about $212,000. Finally, Polar Asset Management Partners Inc. increased its stake in shares of Agilysys by 198.4% in the third quarter. Polar Asset Management Partners Inc. now owns 74,300 shares of the software maker’s stock valued at $8,096,000 after purchasing an additional 49,400 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Price Performance

NASDAQ AGYS opened at $133.66 on Friday. Agilysys, Inc. has a 12 month low of $73.52 and a 12 month high of $139.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The firm has a market capitalization of $3.74 billion, a PE ratio of 38.08 and a beta of 0.93. The company’s 50 day simple moving average is $118.40 and its 200 day simple moving average is $108.92.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. As a group, equities research analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the completion of the sale, the chief executive officer now directly owns 738,367 shares in the company, valued at approximately $75,335,585.01. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kyle C. Badger sold 471 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $47,505.06. Following the completion of the sale, the senior vice president now directly owns 115,117 shares of the company’s stock, valued at approximately $11,610,700.62. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,122 shares of company stock worth $2,251,691. Corporate insiders own 19.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AGYS shares. Oppenheimer boosted their price objective on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday. BTIG Research raised their price target on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Northland Securities reaffirmed an “outperform” rating and issued a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC upped their price target on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $137.80.

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.