Dimensional Fund Advisors LP Has $43.36 Million Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Dimensional Fund Advisors LP decreased its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 329,176 shares of the software maker's stock after selling 78,794 shares during the period. Dimensional Fund Advisors LP owned about 1.18% of Agilysys worth $43,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in Agilysys by 18.9% during the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock valued at $149,000 after purchasing an additional 180 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in shares of Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock valued at $49,000 after buying an additional 193 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of Agilysys by 2.0% in the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock valued at $1,398,000 after buying an additional 208 shares in the last quarter. Albert D Mason Inc. raised its holdings in shares of Agilysys by 2.3% in the fourth quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker's stock valued at $1,554,000 after buying an additional 267 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in Agilysys by 2.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 11,994 shares of the software maker's stock worth $1,580,000 after buying an additional 328 shares in the last quarter. Institutional investors own 88.00% of the company's stock.

Analysts Set New Price Targets

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

Agilysys Stock Performance

NASDAQ:AGYS traded down $0.04 on Tuesday, hitting $75.99. The company's stock had a trading volume of 150,113 shares, compared to its average volume of 262,047. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The firm has a market capitalization of $2.12 billion, a P/E ratio of 94.99 and a beta of 0.58. The stock has a fifty day moving average of $73.55 and a two-hundred day moving average of $100.72. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

Insider Buying and Selling

In related news, Director John Mutch sold 750 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $2,403,328.32. The trade was a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 19.30% of the stock is currently owned by insiders.

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.