M&T Bank Corp Has $2.71 Million Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

M&T Bank Corp trimmed its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,536 shares of the software maker's stock after selling 5,699 shares during the quarter. M&T Bank Corp owned 0.07% of Agilysys worth $2,705,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC increased its holdings in Agilysys by 1,197.1% in the third quarter. FMR LLC now owns 505,690 shares of the software maker's stock valued at $55,105,000 after buying an additional 466,704 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Agilysys by 47.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker's stock worth $115,383,000 after purchasing an additional 340,424 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Agilysys by 268.0% in the fourth quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker's stock worth $56,169,000 after purchasing an additional 310,573 shares during the period. Franklin Resources Inc. increased its stake in Agilysys by 434.3% during the third quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker's stock valued at $11,477,000 after purchasing an additional 79,764 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its holdings in shares of Agilysys by 25.0% during the fourth quarter. Conestoga Capital Advisors LLC now owns 356,239 shares of the software maker's stock worth $46,920,000 after purchasing an additional 71,168 shares during the period. Hedge funds and other institutional investors own 88.00% of the company's stock.

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Agilysys Stock Performance

NASDAQ:AGYS traded down $0.99 during mid-day trading on Wednesday, hitting $74.29. 154,921 shares of the company's stock traded hands, compared to its average volume of 408,841. Agilysys, Inc. has a 12 month low of $72.72 and a 12 month high of $142.64. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 92.86 and a beta of 0.98. The firm has a 50 day moving average of $98.21 and a two-hundred day moving average of $111.18. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $69.60 million during the quarter, compared to analysts' expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm's revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. On average, equities analysts forecast that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th. Oppenheimer cut their price target on Agilysys from $150.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, January 22nd. Needham & Company LLC lowered their price target on Agilysys from $125.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Craig Hallum decreased their price target on Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Finally, Northland Securities upped their price target on Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.50.

Insider Activity at Agilysys

In other Agilysys news, Director John Mutch sold 2,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $77.87, for a total value of $155,740.00. Following the sale, the director now owns 32,654 shares of the company's stock, valued at $2,542,766.98. The trade was a 5.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total transaction of $725,100.00. Following the transaction, the director now directly owns 233,076 shares of the company's stock, valued at $22,533,787.68. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,500 shares of company stock worth $8,651,740. 19.30% of the stock is owned by corporate insiders.

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.