Assenagon Asset Management S.A. lifted its position in shares of Agilysys, Inc. (NASDAQ:AGYS – Free Report) by 270.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 176,146 shares of the software maker’s stock after buying an additional 128,551 shares during the period. Assenagon Asset Management S.A. owned approximately 0.70% of Agilysys worth $14,534,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in shares of Agilysys by 13.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,185 shares of the software maker’s stock worth $94,000 after buying an additional 139 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Agilysys by 2.4% during the 4th quarter. Maryland State Retirement & Pension System now owns 8,176 shares of the software maker’s stock worth $647,000 after buying an additional 191 shares during the last quarter. NorthCrest Asset Manangement LLC increased its holdings in shares of Agilysys by 3.2% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 6,400 shares of the software maker’s stock worth $506,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System boosted its position in Agilysys by 5.1% during the 4th quarter. Arizona State Retirement System now owns 6,710 shares of the software maker’s stock worth $531,000 after purchasing an additional 324 shares during the period. Finally, Synovus Financial Corp boosted its position in Agilysys by 2.5% during the 4th quarter. Synovus Financial Corp now owns 13,600 shares of the software maker’s stock worth $1,076,000 after purchasing an additional 330 shares during the period. 96.56% of the stock is currently owned by institutional investors and hedge funds.
Agilysys Price Performance
NASDAQ:AGYS opened at $68.64 on Friday. The firm has a 50-day moving average of $72.94 and a two-hundred day moving average of $77.88. The stock has a market cap of $1.74 billion, a P/E ratio of 140.08 and a beta of 0.93. Agilysys, Inc. has a 1-year low of $38.32 and a 1-year high of $88.16.
Insider Buying and Selling at Agilysys
In other Agilysys news, SVP Kyle C. Badger sold 5,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $74.11, for a total value of $370,550.00. Following the completion of the transaction, the senior vice president now directly owns 119,389 shares of the company’s stock, valued at approximately $8,847,918.79. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Kyle C. Badger sold 5,000 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $74.11, for a total transaction of $370,550.00. Following the transaction, the senior vice president now owns 119,389 shares of the company’s stock, valued at $8,847,918.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Prabuddha Biswas sold 6,068 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $72.57, for a total transaction of $440,354.76. Following the transaction, the senior vice president now directly owns 60,985 shares in the company, valued at approximately $4,425,681.45. The disclosure for this sale can be found here. Insiders sold a total of 14,253 shares of company stock valued at $1,048,347 in the last ninety days. Insiders own 22.60% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on AGYS. Oppenheimer began coverage on shares of Agilysys in a research report on Wednesday, April 19th. They set an “outperform” rating and a $105.00 price target for the company. StockNews.com began coverage on shares of Agilysys in a research report on Thursday, May 18th. They set a “buy” rating for the company. Finally, Craig Hallum decreased their price target on shares of Agilysys from $100.00 to $85.00 in a research report on Wednesday, May 17th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Agilysys has an average rating of “Buy” and a consensus target price of $88.00.
Agilysys Profile
Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.
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