Voya Investment Management LLC Has $28.89 Million Stake in Agilysys, Inc. (NASDAQ:AGYS)

Voya Investment Management LLC decreased its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 18.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,310 shares of the software maker's stock after selling 49,199 shares during the quarter. Voya Investment Management LLC owned about 0.78% of Agilysys worth $28,885,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Dark Forest Capital Management LP increased its holdings in shares of Agilysys by 199.1% in the fourth quarter. Dark Forest Capital Management LP now owns 6,191 shares of the software maker's stock valued at $815,000 after buying an additional 4,121 shares in the last quarter. Massar Capital Management LP acquired a new position in shares of Agilysys in the 4th quarter worth $463,000. State of Tennessee Department of Treasury raised its position in shares of Agilysys by 2.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 9,298 shares of the software maker's stock worth $1,225,000 after purchasing an additional 246 shares during the period. MetLife Investment Management LLC boosted its position in shares of Agilysys by 6.9% in the 4th quarter. MetLife Investment Management LLC now owns 13,650 shares of the software maker's stock valued at $1,798,000 after purchasing an additional 884 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in Agilysys in the 4th quarter worth about $145,000. Institutional investors own 88.00% of the company's stock.

Agilysys Stock Up 3.8 %

AGYS stock traded up $2.82 during trading hours on Friday, hitting $77.12. The company's stock had a trading volume of 47,474 shares, compared to its average volume of 260,931. The stock has a 50 day moving average price of $73.76 and a two-hundred day moving average price of $101.67. 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 $2.16 billion, a PE ratio of 96.26 and a beta of 0.64. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group set a $100.00 target price on shares of Agilysys in a research report on Wednesday, March 5th. Needham & Company LLC cut 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 Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Northland Securities increased their price objective on Agilysys from $145.00 to $186.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 7th. Finally, Craig Hallum dropped their price objective 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 research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Agilysys currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.00.

Insider Buying and Selling

In other 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 transaction, the director now owns 31,904 shares of the company's stock, valued at $2,403,328.32. This trade represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 19.30% of the stock is currently owned by corporate insiders.

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.