Blue Trust Inc. Boosts Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Blue Trust Inc. increased its position in Agilysys, Inc. (NASDAQ:AGYS) by 1,838.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 950 shares of the software maker’s stock after acquiring an additional 901 shares during the quarter. Blue Trust Inc.’s holdings in Agilysys were worth $99,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Agilysys by 12.3% in the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after acquiring an additional 217,008 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Agilysys by 1,861.4% in the second quarter. American Century Companies Inc. now owns 221,109 shares of the software maker’s stock worth $23,026,000 after purchasing an additional 209,836 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Agilysys in the second quarter worth $21,039,000. Conestoga Capital Advisors LLC bought a new stake in Agilysys during the 2nd quarter valued at $16,546,000. Finally, Lord Abbett & CO. LLC grew 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 acquiring an additional 87,549 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Agilysys in a research note on Tuesday. Oppenheimer upped their price objective on shares of Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. StockNews.com upgraded Agilysys from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Craig Hallum upped their price target on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, BTIG Research increased their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $127.80.

Agilysys Stock Down 8.1 %

AGYS stock opened at $102.51 on Wednesday. The business has a 50 day moving average of $109.17 and a 200 day moving average of $101.56. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $125.73. The firm has a market cap of $2.86 billion, a PE ratio of 28.32 and a beta of 0.83.

Insider Activity

In related news, insider Chris J. Robertson sold 4,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $108.83, for a total value of $435,320.00. Following the transaction, the insider now owns 22,888 shares in the company, valued at $2,490,901.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Agilysys 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 value 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 approximately $2,490,901.04. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Mutch sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total transaction of $113,690.00. Following the sale, the director now owns 36,326 shares in the company, valued at approximately $4,129,902.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,000 shares of company stock worth $3,734,810 over the last three months. 19.30% of the stock is currently owned by corporate 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.