First Trust Advisors LP trimmed its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 31.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,212 shares of the software maker's stock after selling 11,531 shares during the period. First Trust Advisors LP owned 0.09% of Agilysys worth $3,321,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC lifted its stake in shares of Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after purchasing an additional 193 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Agilysys by 381.8% during 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 in the last quarter. Arcadia Investment Management Corp MI purchased a new position in Agilysys in the 4th quarter worth approximately $61,000. Assetmark Inc. purchased a new position in Agilysys in the 4th quarter worth approximately $115,000. Finally, Huntington National Bank raised its stake in shares of Agilysys by 319.1% during the fourth quarter. Huntington National Bank now owns 922 shares of the software maker's stock valued at $121,000 after purchasing an additional 702 shares during the period. 88.00% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Agilysys news, Director John Mutch sold 750 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 31,904 shares in the company, valued at $2,403,328.32. This represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 19.30% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on AGYS shares. UBS Group set a $100.00 price target on shares of Agilysys in a report on Wednesday, March 5th. Craig Hallum dropped their price target on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Needham & Company LLC lowered their price target on Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Oppenheimer reduced their target price on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Northland Securities boosted 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. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $120.00.
Read Our Latest Report on AGYS
Agilysys Stock Up 3.6 %
Shares of NASDAQ:AGYS traded up $2.70 on Wednesday, reaching $78.69. The company had a trading volume of 224,155 shares, compared to its average volume of 261,896. The stock has a market capitalization of $2.20 billion, a P/E ratio of 98.36 and a beta of 0.58. The stock has a 50-day moving average price of $73.46 and a 200 day moving average price of $100.55. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $142.64. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.
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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