Northern Trust Corp Boosts Stake in Agilysys, Inc. (NASDAQ:AGYS)

Northern Trust Corp grew its stake in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 357,689 shares of the software maker's stock after purchasing an additional 19,136 shares during the quarter. Northern Trust Corp owned about 1.28% of Agilysys worth $47,111,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Harbor Investment Advisory LLC increased its holdings 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 valued at $49,000 after acquiring an additional 193 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Agilysys by 381.8% during the 4th 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 bought a new position in Agilysys in the 4th quarter worth about $61,000. Assetmark Inc. bought a new position in Agilysys in the 4th quarter worth about $115,000. Finally, Huntington National Bank increased its position in shares of Agilysys by 319.1% during the 4th 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 last quarter. 88.00% of the stock is currently owned by institutional investors.

Insider Activity at Agilysys

In other Agilysys news, Director John Mutch sold 750 shares of Agilysys stock in a transaction 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 owns 31,904 shares of the company's stock, valued at approximately $2,403,328.32. This trade represents a 2.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 19.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AGYS has been the subject of several analyst reports. UBS Group set a $100.00 target price on Agilysys in a report on Wednesday, March 5th. Needham & Company LLC dropped their price objective on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Craig Hallum dropped their price objective on Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. Finally, Oppenheimer dropped their price objective on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a report 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 data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.00.

Agilysys Stock Up 1.2%

Shares of NASDAQ:AGYS traded up $1.00 during trading on Tuesday, hitting $84.78. The stock had a trading volume of 167,167 shares, compared to its average volume of 262,238. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The company has a market capitalization of $2.37 billion, a PE ratio of 105.98 and a beta of 0.58. The firm's fifty day moving average is $73.51 and its 200 day moving average is $99.63. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.

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.