BNP Paribas Financial Markets Reduces Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

BNP Paribas Financial Markets trimmed its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 74.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,188 shares of the software maker’s stock after selling 35,712 shares during the quarter. BNP Paribas Financial Markets’ holdings in Agilysys were worth $1,605,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Investment Advisory LLC raised its position in Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after purchasing an additional 193 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after buying an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Agilysys in the fourth quarter worth about $61,000. Assetmark Inc. bought a new stake in shares of Agilysys in the fourth quarter worth about $115,000. Finally, Huntington National Bank grew its stake in shares of Agilysys by 319.1% in the fourth quarter. Huntington National Bank now owns 922 shares of the software maker’s stock worth $121,000 after purchasing an additional 702 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John Mutch sold 750 shares of Agilysys stock in a transaction on Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the sale, the director now directly owns 31,904 shares in the company, valued at approximately $2,403,328.32. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 19.30% of the company’s stock.

Agilysys Price Performance

Shares of AGYS stock opened at $86.00 on Monday. 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 company’s 50-day simple moving average is $74.10 and its two-hundred day simple moving average is $99.09. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The company has a market capitalization of $2.40 billion, a P/E ratio of 107.50 and a beta of 0.58.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AGYS shares. Craig Hallum cut their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. UBS Group set a $100.00 price objective on shares of Agilysys in a 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 for the company in a research report on Wednesday, March 5th. Finally, Oppenheimer cut their target price on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and an average price target of $120.00.

About Agilysys

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.