Assenagon Asset Management S.A. Sells 60,306 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Assenagon Asset Management S.A. lessened its position in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 30.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 138,901 shares of the software maker's stock after selling 60,306 shares during the period. Assenagon Asset Management S.A. owned about 0.50% of Agilysys worth $18,295,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Advisors Asset Management Inc. increased its holdings in Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock valued at $37,000 after purchasing an additional 182 shares during the last quarter. GAMMA Investing LLC increased its stake in Agilysys by 66.7% in the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock valued at $45,000 after buying an additional 166 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Agilysys during the 3rd quarter worth about $46,000. Exchange Traded Concepts LLC grew its holdings in shares of Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker's stock valued at $52,000 after acquiring an additional 205 shares in the last quarter. Finally, CWM LLC raised its holdings in Agilysys by 169.2% during the third quarter. CWM LLC now owns 673 shares of the software maker's stock worth $73,000 after acquiring an additional 423 shares in the last quarter. Institutional investors own 88.00% of the company's stock.

Insider Activity at Agilysys

In related news, CFO William David Wood III sold 588 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $59,305.68. Following the transaction, the chief financial officer now owns 49,479 shares of the company's stock, valued at approximately $4,990,451.94. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kyle C. Badger sold 471 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $47,505.06. Following the transaction, the senior vice president now directly owns 115,117 shares in the company, valued at $11,610,700.62. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,122 shares of company stock valued at $7,099,841. Corporate insiders own 19.30% of the company's stock.

Agilysys Stock Down 8.4 %

Shares of AGYS stock traded down $11.16 on Friday, hitting $121.81. The stock had a trading volume of 606,157 shares, compared to its average volume of 170,920. Agilysys, Inc. has a 12-month low of $74.03 and a 12-month high of $142.64. The business has a 50 day moving average of $131.82 and a 200 day moving average of $116.53. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 34.70 and a beta of 0.94.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. During the same period last year, the firm earned $0.25 EPS. Agilysys's revenue for the quarter was up 16.6% on a year-over-year basis. As a group, analysts expect that Agilysys, Inc. will post 0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AGYS. BTIG Research boosted their target price on Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a report on Tuesday, October 29th. Oppenheimer increased their price objective on shares of Agilysys from $135.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. StockNews.com downgraded shares of Agilysys from a "buy" rating to a "hold" rating in a report on Thursday, October 31st. Northland Securities increased their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Finally, Needham & Company LLC raised their price objective on shares of Agilysys from $125.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $146.00.

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.