Renaissance Technologies LLC Has $16.94 Million Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Renaissance Technologies LLC reduced its holdings in Agilysys, Inc. (NASDAQ:AGYS - Free Report) by 50.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,600 shares of the software maker's stock after selling 130,452 shares during the quarter. Renaissance Technologies LLC owned approximately 0.46% of Agilysys worth $16,938,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Harbor Investment Advisory LLC boosted its stake in Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after purchasing an additional 193 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Agilysys by 381.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock worth $57,000 after buying an additional 336 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in Agilysys during the 4th quarter worth about $61,000. Assetmark Inc. acquired a new stake in Agilysys in the 4th quarter valued at about $115,000. Finally, Huntington National Bank raised its stake in shares of Agilysys by 319.1% in the fourth quarter. Huntington National Bank now owns 922 shares of the software maker's stock worth $121,000 after acquiring an additional 702 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Oppenheimer lowered their target price on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. UBS Group set a $100.00 target price on shares of Agilysys in a report on Wednesday, March 5th. Craig Hallum cut their price target on Agilysys from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Needham & Company LLC decreased their price objective on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Finally, Northland Securities upped their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $120.00.

Agilysys Stock Up 1.2 %

Shares of AGYS traded up $0.81 during mid-day trading on Friday, hitting $69.45. 139,188 shares of the company's stock were exchanged, compared to its average volume of 259,316. The company has a 50-day simple moving average of $75.93 and a 200 day simple moving average of $104.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market cap of $1.94 billion, a PE ratio of 86.81 and a beta of 0.64. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $142.64.

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

Insider Buying and Selling at Agilysys

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $125.49, for a total value of $941,175.00. Following the transaction, the director now directly owns 248,076 shares in the company, valued at $31,131,057.24. The trade was a 2.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Mutch sold 2,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the completion of the transaction, the director now directly owns 32,654 shares in the company, valued at $2,542,766.98. The trade was a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,750 shares of company stock worth $1,878,513 over the last quarter. 19.30% of the stock is currently owned by insiders.

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.