Tower Research Capital LLC TRC trimmed its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 93.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 295 shares of the software maker's stock after selling 4,182 shares during the quarter. Tower Research Capital LLC TRC's holdings in Agilysys were worth $39,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC increased its stake in shares of Agilysys by 19.1% in the 4th quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker's stock valued at $11,157,000 after acquiring an additional 13,785 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Agilysys by 381.8% in 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. Atria Investments Inc acquired a new position in shares of Agilysys in the 4th quarter valued at approximately $315,000. Shaker Investments LLC OH acquired a new position in shares of Agilysys in the 4th quarter valued at approximately $1,084,000. Finally, Conestoga Capital Advisors LLC grew its position in shares of Agilysys by 25.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 356,239 shares of the software maker's stock valued at $46,920,000 after purchasing an additional 71,168 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Agilysys
In other news, Director John Mutch sold 750 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the sale, the director now owns 31,904 shares in the company, valued at $2,403,328.32. This represents a 2.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 19.30% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on AGYS. Needham & Company LLC decreased their price objective on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Oppenheimer decreased their price objective on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Craig Hallum decreased their price objective on Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Finally, UBS Group set a $100.00 price target on Agilysys in a research report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $120.00.
Check Out Our Latest Analysis on Agilysys
Agilysys Stock Down 3.5%
NASDAQ:AGYS traded down $2.98 during trading hours on Monday, reaching $83.02. 513,746 shares of the stock were exchanged, compared to its average volume of 261,471. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $142.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The firm has a 50 day moving average of $74.28 and a 200 day moving average of $98.95. The stock has a market cap of $2.32 billion, a PE ratio of 103.78 and a beta of 0.58.
Agilysys Profile
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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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