Agilysys, Inc. (NASDAQ:AGYS) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its stake in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 19.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 199,207 shares of the software maker's stock after purchasing an additional 33,066 shares during the period. Assenagon Asset Management S.A. owned 0.71% of Agilysys worth $21,708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its stake in Agilysys by 439.5% during the 1st quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker's stock worth $84,903,000 after acquiring an additional 820,840 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Agilysys by 12.3% during the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker's stock worth $166,530,000 after purchasing an additional 217,008 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Agilysys by 1,861.4% in the 2nd quarter. American Century Companies Inc. now owns 221,109 shares of the software maker's stock valued at $23,026,000 after purchasing an additional 209,836 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Agilysys in the 2nd quarter valued at about $21,039,000. Finally, Conestoga Capital Advisors LLC purchased a new position in Agilysys during the 2nd quarter worth approximately $16,546,000. Institutional investors and hedge funds own 88.00% of the company's stock.

Analysts Set New Price Targets

AGYS has been the subject of several research analyst reports. BTIG Research increased their price objective on Agilysys from $95.00 to $118.00 and gave the company a "buy" rating in a report on Friday, July 19th. Oppenheimer raised their price objective on shares of Agilysys from $100.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, July 19th. Northland Securities upped their target price on shares of Agilysys from $118.00 to $132.00 and gave the company an "outperform" rating in a report on Monday, September 16th. StockNews.com upgraded shares of Agilysys from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Craig Hallum upped their price objective on Agilysys from $105.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, July 23rd. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $124.00.

Agilysys Trading Down 0.7 %

Shares of NASDAQ:AGYS traded down $0.78 during midday trading on Friday, hitting $110.19. The stock had a trading volume of 149,208 shares, compared to its average volume of 212,315. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $125.73. The stock has a 50 day moving average price of $109.12 and a two-hundred day moving average price of $101.23. The company has a market capitalization of $3.07 billion, a PE ratio of 30.44 and a beta of 0.83.

Insider Buying and Selling at Agilysys

In other news, Director John Mutch sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $113.69, for a total transaction of $113,690.00. Following the completion of the transaction, the director now directly owns 36,326 shares of the company's stock, valued at approximately $4,129,902.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Chris J. Robertson sold 4,000 shares of the firm's stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total value of $435,320.00. Following the completion of the sale, the insider now owns 22,888 shares in the company, valued at $2,490,901.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Mutch sold 1,000 shares of the company's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $113.69, for a total transaction of $113,690.00. Following the transaction, the director now owns 36,326 shares in the company, valued at $4,129,902.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,000 shares of company stock valued at $3,734,810. 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.