Driehaus Capital Management LLC trimmed its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 29.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,980 shares of the software maker's stock after selling 63,960 shares during the period. Driehaus Capital Management LLC owned about 0.56% of Agilysys worth $20,544,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in AGYS. Synergy Asset Management LLC grew its holdings in Agilysys by 19.1% during the 4th 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 increased its holdings in 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 acquiring an additional 336 shares during the last quarter. Atria Investments Inc purchased a new stake in Agilysys in the 4th quarter worth $315,000. Shaker Investments LLC OH bought a new position in shares of Agilysys during the 4th quarter valued at about $1,084,000. Finally, Conestoga Capital Advisors LLC boosted its holdings 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 valued at $46,920,000 after purchasing an additional 71,168 shares during the last quarter. Institutional investors own 88.00% of the company's stock.
Insider Buying and Selling
In other 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 transaction of $56,497.50. Following the transaction, the director now 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 Securities & Exchange Commission, which can be accessed through this link. 19.30% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on AGYS shares. Craig Hallum decreased their price objective 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 target price on shares of Agilysys in a report on Wednesday, March 5th. Needham & Company LLC lowered their price target on shares of Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Finally, Oppenheimer lowered their price objective on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $120.00.
Check Out Our Latest Stock Analysis on Agilysys
Agilysys Trading Down 2.2%
Agilysys stock traded down $1.85 during mid-day trading on Wednesday, hitting $82.82. The company's stock had a trading volume of 73,606 shares, compared to its average volume of 261,026. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The stock has a market cap of $2.32 billion, a PE ratio of 103.53 and a beta of 0.58. The company has a 50 day moving average of $73.63 and a 200-day moving average of $99.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14.
Agilysys Company Profile
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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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