Tower Research Capital LLC TRC reduced its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 93.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 295 shares of the software maker's stock after selling 4,182 shares during the period. Tower Research Capital LLC TRC's holdings in Agilysys were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in AGYS. Invesco Ltd. lifted its stake in shares of Agilysys by 412.9% in the 4th quarter. Invesco Ltd. now owns 727,794 shares of the software maker's stock valued at $95,858,000 after purchasing an additional 585,886 shares during the period. Franklin Resources Inc. lifted its stake in shares of Agilysys by 521.7% in the 4th quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker's stock valued at $80,347,000 after purchasing an additional 511,900 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Agilysys by 729.1% in the 4th quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker's stock valued at $52,487,000 after purchasing an additional 350,441 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Agilysys by 268.0% in the 4th quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker's stock valued at $56,169,000 after purchasing an additional 310,573 shares during the period. Finally, FMR LLC lifted its stake in shares of Agilysys by 58.3% in the 4th quarter. FMR LLC now owns 800,521 shares of the software maker's stock valued at $105,437,000 after purchasing an additional 294,831 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Agilysys
In related 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 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 represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 19.30% of the company's stock.
Agilysys Price Performance
Shares of Agilysys stock traded up $3.28 during trading hours on Friday, reaching $86.00. 311,049 shares of the company's stock were exchanged, compared to its average volume of 260,518. Agilysys, Inc. has a 1 year low of $63.71 and a 1 year high of $142.64. The company has a market capitalization of $2.40 billion, a P/E ratio of 107.50 and a beta of 0.58. The business has a fifty day moving average of $74.10 and a two-hundred day moving average of $99.09. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Craig Hallum decreased their target price on shares of Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Oppenheimer reduced their price objective on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Needham & Company LLC reduced their price objective on shares of Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Finally, UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th. One equities 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 has an average rating of "Moderate Buy" and an average target price of $120.00.
View Our Latest Analysis 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.
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