SG Americas Securities LLC Sells 16,743 Shares of Agilysys, Inc. (NASDAQ:AGYS)

SG Americas Securities LLC decreased its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 94.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 997 shares of the software maker’s stock after selling 16,743 shares during the period. SG Americas Securities LLC’s holdings in Agilysys were worth $109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wasatch Advisors LP boosted its position in Agilysys by 439.5% during the first quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock worth $84,903,000 after purchasing an additional 820,840 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Agilysys by 12.3% during the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after buying an additional 217,008 shares during the period. American Century Companies Inc. grew its stake in 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 buying an additional 209,836 shares during the last quarter. William Blair Investment Management LLC bought a new position in Agilysys in the 2nd quarter worth $21,039,000. Finally, Conestoga Capital Advisors LLC acquired a new position in Agilysys during the 2nd quarter worth $16,546,000. Institutional investors own 88.00% of the company’s stock.

Agilysys Trading Down 0.7 %

Shares of NASDAQ:AGYS opened at $110.19 on Monday. The firm has a market capitalization of $3.03 billion, a PE ratio of 34.87 and a beta of 0.83. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $125.73. The business’s 50 day moving average is $109.12 and its 200-day moving average is $101.23.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AGYS shares. BTIG Research raised their price target on Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Oppenheimer raised their target price on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, July 19th. StockNews.com upgraded Agilysys from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Northland Securities increased 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Agilysys in a research report on Monday, September 16th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Agilysys currently has an average rating of “Buy” and a consensus target price of $124.00.

Insider Buying and Selling at Agilysys

In other news, insider Chris J. Robertson sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total value of $435,320.00. Following the sale, the insider now directly owns 22,888 shares in the company, valued at approximately $2,490,901.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Chris J. Robertson sold 4,000 shares of Agilysys stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total transaction of $435,320.00. Following the completion of the transaction, the insider now directly owns 22,888 shares of the company’s stock, valued at $2,490,901.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 sale, the director now directly owns 36,326 shares in the company, valued at $4,129,902.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,000 shares of company stock valued at $3,734,810 in the last 90 days. 23.60% of the stock is currently owned by company 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.