Assenagon Asset Management S.A. Lowers Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Assenagon Asset Management S.A. decreased its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 97.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,449 shares of the software maker’s stock after selling 135,452 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Agilysys were worth $250,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AGYS. Harbor Investment Advisory LLC lifted its stake in Agilysys by 64.6% in the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker’s stock worth $44,000 after acquiring an additional 239 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Agilysys by 381.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after acquiring an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in Agilysys in the fourth quarter worth approximately $61,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Agilysys during the 4th quarter worth approximately $64,000. Finally, Assetmark Inc. purchased a new stake in shares of Agilysys during the 4th quarter worth approximately $115,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Insider Buying and Selling

In other Agilysys news, Director John Mutch sold 500 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $110.83, for a total value of $55,415.00. Following the completion of the transaction, the director now directly owns 31,404 shares in the company, valued at approximately $3,480,505.32. The trade was a 1.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 19.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AGYS. UBS Group set a $100.00 target price on shares of Agilysys in a report on Wednesday, March 5th. Cantor Fitzgerald began coverage on shares of Agilysys in a report on Tuesday, June 3rd. They issued an “overweight” rating and a $125.00 target price on the stock. Northland Securities set a $152.00 target price on shares of Agilysys in a report on Tuesday, May 20th. Oppenheimer cut their target price on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $105.00 target price (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.57.

Agilysys Price Performance

Shares of NASDAQ:AGYS opened at $108.47 on Friday. The business’s 50 day simple moving average is $90.28 and its 200-day simple moving average is $96.59. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 130.69 and a beta of 0.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.07. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, May 19th. The software maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.28. Agilysys had a return on equity of 11.24% and a net margin of 8.43%. The firm had revenue of $74.27 million during the quarter, compared to the consensus estimate of $71.43 million. During the same period in the previous year, the firm posted $0.32 EPS. The company’s quarterly revenue was up 19.4% compared to the same quarter last year. As a group, equities analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Agilysys Company 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.