Louisiana State Employees Retirement System Invests $865,000 in Agilysys, Inc. (NASDAQ:AGYS)

Louisiana State Employees Retirement System bought a new position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,200 shares of the software maker's stock, valued at approximately $865,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Agilysys by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker's stock valued at $121,617,000 after acquiring an additional 106,026 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in shares of Agilysys by 6.3% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,213,452 shares of the software maker's stock valued at $80,282,000 after acquiring an additional 72,111 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Agilysys by 159.4% in the 3rd quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker's stock valued at $39,814,000 after acquiring an additional 369,780 shares in the last quarter. Bares Capital Management Inc. lifted its position in shares of Agilysys by 1.9% in the 3rd quarter. Bares Capital Management Inc. now owns 275,000 shares of the software maker's stock valued at $18,194,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Agilysys by 8.0% in the 3rd quarter. Deutsche Bank AG now owns 219,426 shares of the software maker's stock valued at $14,517,000 after acquiring an additional 16,180 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Mak Capital One Llc sold 867,729 shares of the firm's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the transaction, the insider now owns 2,060,458 shares in the company, valued at approximately $170,173,226.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO William David Wood III sold 10,000 shares of the firm's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $85.45, for a total transaction of $854,500.00. Following the transaction, the chief financial officer now owns 50,391 shares in the company, valued at approximately $4,305,910.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Mak Capital One Llc sold 867,729 shares of the firm's stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the transaction, the insider now owns 2,060,458 shares in the company, valued at approximately $170,173,226.22. The disclosure for this sale can be found here. 23.60% of the stock is owned by insiders.

Agilysys Trading Down 0.5 %

AGYS stock traded down $0.45 during midday trading on Friday, reaching $83.00. The company had a trading volume of 82,581 shares, compared to its average volume of 141,069. The company has a market capitalization of $2.27 billion, a P/E ratio of 26.02 and a beta of 0.66. The company has a 50 day moving average of $80.35 and a two-hundred day moving average of $81.95. Agilysys, Inc. has a 1 year low of $62.00 and a 1 year high of $91.61.

Analyst Ratings Changes

AGYS has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Agilysys from a "buy" rating to a "hold" rating in a research report on Tuesday, April 2nd. Needham & Company LLC increased their target price on shares of Agilysys from $92.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Agilysys has a consensus rating of "Moderate Buy" and a consensus target price of $88.75.

About Agilysys

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.