SG Americas Securities LLC Decreases Stake in Agilysys, Inc. (NASDAQ:AGYS)

SG Americas Securities LLC lessened its position in shares of Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 94.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 997 shares of the software maker's stock after selling 16,743 shares during the quarter. SG Americas Securities LLC's holdings in Agilysys were worth $109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker's stock worth $26,000 after acquiring an additional 154 shares during the last quarter. CWM LLC lifted its holdings in Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker's stock valued at $26,000 after purchasing an additional 199 shares in the last quarter. Larson Financial Group LLC purchased a new position in Agilysys in the 2nd quarter valued at about $32,000. RiverPark Advisors LLC boosted its stake in shares of Agilysys by 361.1% during the 1st quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker's stock worth $149,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new stake in shares of Agilysys during the second quarter worth about $208,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Agilysys

In related news, Director John Mutch sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total value of $113,690.00. Following the transaction, the director now owns 36,326 shares in the company, valued at approximately $4,129,902.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total transaction of $1,097,700.00. Following the transaction, the chief executive officer now owns 778,367 shares in the company, valued at $85,441,345.59. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Mutch sold 1,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $113.69, for a total value of $113,690.00. Following the completion of the sale, the director now owns 36,326 shares of the company's stock, valued at approximately $4,129,902.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,000 shares of company stock worth $3,734,810. 19.30% of the stock is currently owned by company insiders.

Agilysys Trading Up 1.2 %

NASDAQ:AGYS traded up $1.30 on Monday, hitting $111.49. 263,686 shares of the stock were exchanged, compared to its average volume of 212,565. The stock has a fifty day moving average of $109.12 and a 200-day moving average of $101.35. The stock has a market cap of $3.11 billion, a PE ratio of 31.55 and a beta of 0.83. Agilysys, Inc. has a fifty-two week low of $73.52 and a fifty-two week high of $125.73.

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.