Cwm LLC Has $73,000 Stake in Agilysys, Inc. (NASDAQ:AGYS)

Cwm LLC grew its position in shares of Agilysys, Inc. (NASDAQ:AGYS) by 169.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 673 shares of the software maker’s stock after buying an additional 423 shares during the quarter. Cwm LLC’s holdings in Agilysys were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Agilysys by 12.3% in the 1st 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 during the last quarter. Lord Abbett & CO. LLC lifted its holdings in Agilysys by 13.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after purchasing an additional 87,549 shares during the last quarter. Geneva Capital Management LLC lifted its holdings in Agilysys by 10.6% in the 1st quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock worth $57,805,000 after purchasing an additional 65,672 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Agilysys by 91.6% in the 1st quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker’s stock worth $2,797,000 after purchasing an additional 15,870 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Agilysys during the second quarter worth approximately $1,847,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Trading Down 0.7 %

AGYS opened at $110.19 on Friday. The stock has a market cap of $3.07 billion, a PE ratio of 30.44 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 stock’s 50 day simple moving average is $109.12 and its 200-day simple moving average is $101.23.

Insider Activity

In other Agilysys news, CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total value of $1,097,700.00. Following the sale, the chief executive officer now directly owns 778,367 shares in the company, valued at $85,441,345.59. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Agilysys news, Director John Mutch sold 1,000 shares of the business’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 of the company’s stock, valued at approximately $4,129,902.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ramesh Srinivasan sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total value of $1,097,700.00. Following the completion of the transaction, the chief executive officer now directly owns 778,367 shares in the company, valued at approximately $85,441,345.59. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,000 shares of company stock worth $3,734,810. Company insiders own 19.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Craig Hallum upped their price target 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 price target on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Northland Securities upped their price target on Agilysys from $118.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price target on shares of Agilysys in a report on Monday, September 16th. Finally, StockNews.com upgraded Agilysys from a “hold” rating to a “buy” rating in a report on Wednesday. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $124.00.

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.