Fred Alger Management LLC lessened its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 12.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 700,019 shares of the software maker's stock after selling 101,285 shares during the quarter. Fred Alger Management LLC owned 2.50% of Agilysys worth $92,200,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of AGYS. Harbor Investment Advisory LLC boosted 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 purchasing an additional 193 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Agilysys by 381.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock valued at $57,000 after purchasing an additional 336 shares during the period. Arcadia Investment Management Corp MI purchased a new position in shares of Agilysys in the fourth quarter valued at $61,000. Assetmark Inc. purchased a new position in shares of Agilysys in the fourth quarter valued at $115,000. Finally, Huntington National Bank boosted its stake in shares of Agilysys by 319.1% in 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. Institutional investors and hedge funds own 88.00% of the company's stock.
Analysts Set New Price Targets
Several research firms recently issued reports on AGYS. UBS Group set a $100.00 price target on shares of Agilysys in a report on Wednesday, March 5th. Craig Hallum cut their price target 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. Needham & Company LLC cut their price target on shares of Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Finally, Oppenheimer reduced their price objective on Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $120.00.
Check Out Our Latest Stock Analysis on AGYS
Agilysys Price Performance
Shares of AGYS traded up $0.58 during mid-day trading on Tuesday, hitting $84.36. The company's stock had a trading volume of 95,916 shares, compared to its average volume of 261,802. The firm has a 50-day moving average price of $73.51 and a 200 day moving average price of $99.63. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 105.45 and a beta of 0.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $142.64.
Insider Transactions at Agilysys
In other news, Director John Mutch sold 750 shares of Agilysys stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the transaction, the director now directly owns 31,904 shares of the company's stock, valued at $2,403,328.32. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 19.30% of the company's stock.
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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