Cwm LLC Acquires 423 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Cwm LLC grew its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 169.2% in the 3rd quarter, Holdings Channel reports. The fund owned 673 shares of the software maker’s stock after purchasing an additional 423 shares during the quarter. Cwm LLC’s holdings in Agilysys were worth $73,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. Larson Financial Group LLC bought a new position in Agilysys in the second quarter valued at approximately $32,000. RiverPark Advisors LLC grew its stake in Agilysys by 361.1% in the first quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock valued at $149,000 after purchasing an additional 1,383 shares in the last quarter. Cutter & CO Brokerage Inc. acquired a new stake in shares of Agilysys in the second quarter valued at approximately $208,000. Finally, Linden Thomas Advisory Services LLC acquired a new stake in shares of Agilysys in the second quarter valued at approximately $209,000. 88.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction on 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction on 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Mutch sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,000 shares of company stock valued at $3,734,810. Insiders own 19.30% of the company’s stock.

Agilysys Trading Down 0.7 %

NASDAQ:AGYS opened at $110.19 on Friday. The stock has a market cap of $3.07 billion, a P/E ratio of 30.44 and a beta of 0.83. The stock has a 50 day simple moving average of $109.12 and a 200 day simple moving average of $101.23. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $125.73.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AGYS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Agilysys in a research report on Monday, September 16th. Craig Hallum raised their price objective on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Northland Securities raised their price objective on Agilysys from $118.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. BTIG Research raised their price objective on Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, StockNews.com raised Agilysys from a “hold” rating to a “buy” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Agilysys presently has a consensus rating of “Buy” and a consensus price target of $124.00.

Agilysys 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.