Susquehanna Fundamental Investments LLC Purchases New Stake in Agilysys, Inc. (NASDAQ:AGYS)

Susquehanna Fundamental Investments LLC purchased a new stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,732 shares of the software maker's stock, valued at approximately $2,731,000. Susquehanna Fundamental Investments LLC owned about 0.07% of Agilysys as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Harbor Investment Advisory LLC grew its position in 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 acquiring an additional 193 shares during the last quarter. Smartleaf Asset Management LLC increased 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 purchasing an additional 336 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in Agilysys in the 4th quarter valued at approximately $61,000. Assetmark Inc. acquired a new stake in Agilysys in the fourth quarter valued at approximately $115,000. Finally, Huntington National Bank increased its holdings in shares of Agilysys by 319.1% during the fourth quarter. Huntington National Bank now owns 922 shares of the software maker's stock worth $121,000 after buying an additional 702 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company's stock.

Insider Buying and Selling

In other 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 transaction, the director now owns 31,904 shares in the company, valued at approximately $2,403,328.32. This represents a 2.30 % decrease in their ownership of the stock. The sale 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 insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group set a $100.00 price objective on Agilysys in a research report on Wednesday, March 5th. Northland Securities raised their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Craig Hallum decreased their price target on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Oppenheimer cut their price target on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Needham & Company LLC lowered their target price on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Agilysys presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.00.

Agilysys Trading Up 0.6 %

Shares of AGYS stock traded up $0.43 during mid-day trading on Monday, hitting $76.12. The company's stock had a trading volume of 28,138 shares, compared to its average volume of 261,508. The company has a market cap of $2.13 billion, a PE ratio of 95.15 and a beta of 0.64. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $142.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The company's fifty day simple moving average is $73.65 and its 200-day simple moving average is $101.05.

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.