Agilysys, Inc. (NASDAQ:AGYS) Stake Cut by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 11.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,654 shares of the software maker’s stock after selling 217 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Agilysys were worth $140,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP lifted its position in shares of Agilysys by 159.4% in the third quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock worth $39,814,000 after purchasing an additional 369,780 shares in the last quarter. Vanguard Group Inc. increased its stake in Agilysys by 6.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker’s stock valued at $121,617,000 after buying an additional 106,026 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in Agilysys by 346.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 29,031 shares of the software maker’s stock worth $1,921,000 after buying an additional 22,527 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Agilysys by 36.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 218,418 shares of the software maker’s stock valued at $18,526,000 after buying an additional 58,278 shares during the period. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of Agilysys during the 3rd quarter valued at $760,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Insider Buying and Selling at Agilysys

In other news, major shareholder Mak Capital One Llc sold 867,729 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the completion of the sale, the insider now owns 2,060,458 shares in the company, valued at approximately $170,173,226.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 23.60% of the company’s stock.

Agilysys Trading Down 0.5 %

AGYS stock opened at $83.00 on Monday. The firm has a market cap of $2.27 billion, a PE ratio of 26.02 and a beta of 0.66. Agilysys, Inc. has a 1 year low of $62.00 and a 1 year high of $91.61. The company has a fifty day simple moving average of $80.35 and a 200 day simple moving average of $82.03.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC upped their price target on shares of Agilysys from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.75.

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.