Balyasny Asset Management L.P. purchased a new stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,160 shares of the software maker's stock, valued at approximately $680,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Synergy Asset Management LLC raised its position in shares of Agilysys by 19.1% in the fourth quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker's stock valued at $11,157,000 after buying an additional 13,785 shares in the last quarter. Smartleaf Asset Management LLC raised its position 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 valued at $57,000 after buying an additional 336 shares in the last quarter. Atria Investments Inc bought a new position in Agilysys in the fourth quarter valued at approximately $315,000. Shaker Investments LLC OH acquired a new stake in shares of Agilysys in the 4th quarter valued at $1,084,000. Finally, Conestoga Capital Advisors LLC lifted its position in shares of Agilysys by 25.0% during the 4th quarter. Conestoga Capital Advisors LLC now owns 356,239 shares of the software maker's stock worth $46,920,000 after buying an additional 71,168 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.
Insider Buying and Selling at Agilysys
In related news, Director John Mutch sold 750 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $75.33, for a total value of $56,497.50. Following the completion of the sale, the director now directly owns 31,904 shares of the company's stock, valued at approximately $2,403,328.32. This represents a 2.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 19.30% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Craig Hallum reduced their price target on Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th. Oppenheimer dropped their target price on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Needham & Company LLC lowered their price objective on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $120.00.
Get Our Latest Stock Report on Agilysys
Agilysys Stock Down 3.5%
AGYS stock traded down $2.98 during trading on Monday, reaching $83.02. 513,746 shares of the stock were exchanged, compared to its average volume of 261,448. The firm's 50 day moving average is $74.10 and its 200 day moving average is $99.09. The firm has a market cap of $2.32 billion, a P/E ratio of 103.78 and a beta of 0.58. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $142.64.
Agilysys (NASDAQ:AGYS - Get Free Report) last issued its earnings results on Monday, May 19th. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.12. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. As a group, research analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.
Agilysys Company Profile
(
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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