Snyder Capital Management L P decreased its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 25.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 354,125 shares of the software maker's stock after selling 120,862 shares during the quarter. Snyder Capital Management L P owned about 1.27% of Agilysys worth $46,642,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the company. Harbor Investment Advisory LLC boosted its stake in Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock valued at $49,000 after acquiring an additional 193 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock worth $57,000 after acquiring an additional 336 shares during the period. Arcadia Investment Management Corp MI acquired a new position in Agilysys during the 4th quarter valued at about $61,000. Assetmark Inc. acquired a new position in Agilysys during the 4th quarter valued at about $115,000. Finally, Huntington National Bank increased its stake in Agilysys by 319.1% during the 4th quarter. Huntington National Bank now owns 922 shares of the software maker's stock valued at $121,000 after buying an additional 702 shares during the period. Hedge funds and other institutional investors own 88.00% of the company's stock.
Insider Activity
In other news, Director John Mutch sold 750 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the transaction, the director now directly owns 31,904 shares in the company, valued at approximately $2,403,328.32. This represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 19.30% of the stock is owned by company insiders.
Agilysys Stock Performance
Shares of NASDAQ:AGYS traded down $1.24 during trading on Wednesday, reaching $73.77. 73,332 shares of the stock were exchanged, compared to its average volume of 261,058. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The firm has a market cap of $2.06 billion, a PE ratio of 92.21 and a beta of 0.64. The stock has a 50-day moving average price of $73.90 and a 200-day moving average price of $102.16. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.
Analyst Ratings Changes
A number of equities research analysts have recently commented on AGYS shares. UBS Group set a $100.00 price objective on Agilysys in a research report on Wednesday, March 5th. Northland Securities increased their price objective on Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a report on Tuesday, January 7th. Needham & Company LLC cut their target price on Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Craig Hallum lowered their price target on Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Finally, Oppenheimer decreased their target price on Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Agilysys currently has a consensus rating of "Moderate Buy" and an average price target of $120.00.
View Our Latest Stock Report on AGYS
About Agilysys
(
Free Report)
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.
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