Redwood Investments LLC boosted its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 148.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,529 shares of the software maker's stock after buying an additional 31,951 shares during the quarter. Agilysys makes up approximately 1.9% of Redwood Investments LLC's portfolio, making the stock its 8th largest holding. Redwood Investments LLC owned approximately 0.19% of Agilysys worth $7,050,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AGYS. Barclays PLC lifted its stake in Agilysys by 105.2% in the 3rd quarter. Barclays PLC now owns 50,572 shares of the software maker's stock valued at $5,512,000 after buying an additional 25,926 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Agilysys by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker's stock worth $12,630,000 after purchasing an additional 2,949 shares in the last quarter. Albert D Mason Inc. lifted its stake in Agilysys by 2.3% in the 4th quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker's stock worth $1,554,000 after purchasing an additional 267 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in Agilysys by 109.0% in the 4th 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. Finally, SG Americas Securities LLC lifted its stake in Agilysys by 320.5% in the 4th quarter. SG Americas Securities LLC now owns 4,192 shares of the software maker's stock worth $552,000 after purchasing an additional 3,195 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Agilysys
In related 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 completion of the sale, the director now owns 31,904 shares in the company, 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. Insiders own 19.30% of the company's stock.
Agilysys Trading Up 4.0%
Shares of NASDAQ AGYS traded up $3.28 during midday trading on Friday, reaching $86.00. 311,049 shares of the stock were exchanged, compared to its average volume of 260,429. The company has a 50 day simple moving average of $74.10 and a 200 day simple moving average of $99.10. The stock has a market capitalization of $2.40 billion, a P/E ratio of 107.50 and a beta of 0.58. 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, Inc. has a twelve month low of $63.71 and a twelve month high of $142.64.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Needham & Company LLC decreased their target price on shares of Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Oppenheimer decreased their target price on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. UBS Group set a $100.00 target price on shares of Agilysys in a research note on Wednesday, March 5th. Finally, Craig Hallum decreased their target price 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Agilysys presently has a consensus rating of "Moderate Buy" and an average price target of $120.00.
Read Our Latest Research Report on AGYS
Agilysys Company Profile
(
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.
Recommended Stories
Before you consider Agilysys, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Agilysys wasn't on the list.
While Agilysys currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
