Comerica Bank Increases Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Comerica Bank grew its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 19.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 33,771 shares of the software maker's stock after buying an additional 5,573 shares during the quarter. Comerica Bank owned approximately 0.12% of Agilysys worth $4,448,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Harbor Investment Advisory LLC lifted its stake in Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after acquiring an additional 193 shares during the period. Smartleaf Asset Management LLC lifted 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 worth $57,000 after purchasing an additional 336 shares during the period. Arcadia Investment Management Corp MI bought a new stake in shares of Agilysys during the 4th quarter valued at about $61,000. Assetmark Inc. purchased a new position in shares of Agilysys during the fourth quarter valued at about $115,000. Finally, Huntington National Bank raised its stake in Agilysys by 319.1% in the fourth quarter. Huntington National Bank now owns 922 shares of the software maker's stock worth $121,000 after buying an additional 702 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Insider Transactions at Agilysys

In other news, Director John Mutch sold 750 shares of the business's 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 transaction, the director now owns 31,904 shares in the company, valued at $2,403,328.32. The trade was a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 19.30% of the company's stock.

Agilysys Stock Performance

Shares of AGYS stock opened at $76.03 on Tuesday. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The company's 50-day moving average is $73.55 and its 200 day moving average is $100.72. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 95.04 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14.

Analyst Ratings Changes

Several research firms have weighed in on AGYS. UBS Group set a $100.00 price objective on Agilysys in a research report on Wednesday, March 5th. Oppenheimer dropped their price target on Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Needham & Company LLC decreased their price objective on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Craig Hallum dropped their target price on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Finally, Northland Securities upped their target price on shares of Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $120.00.

About Agilysys

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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