Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 22.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,297 shares of the software maker’s stock after selling 942 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Agilysys were worth $280,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake 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. grew its position 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 in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in Agilysys by 346.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 29,031 shares of the software maker’s stock valued at $1,921,000 after buying an additional 22,527 shares during the period. Assenagon Asset Management S.A. raised its position 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 worth $18,526,000 after buying an additional 58,278 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new stake in shares of Agilysys in the 3rd quarter worth approximately $760,000. Institutional investors own 88.00% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Mak Capital One Llc sold 867,729 shares of the stock in a transaction on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 23.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Agilysys Price Performance

NASDAQ AGYS opened at $79.21 on Monday. Agilysys, Inc. has a 12 month low of $62.00 and a 12 month high of $91.61. The company has a market capitalization of $2.17 billion, a P/E ratio of 24.83 and a beta of 0.68. The company’s 50 day simple moving average is $80.58 and its 200 day simple moving average is $82.53.

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.