canada africa partner reservation Agilysys, Inc. (NASDAQ:AGYS) shares sold by Zurcher Kantonalbank Zürich Cantonalbank

Agilysys, Inc. (NASDAQ:AGYS) shares sold by Zurcher Kantonalbank Zürich Cantonalbank

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Zurcher Kantonalbank Zurich Cantonalbank has sold its interest in Agilysys, Inc. (NASDAQ:AGYS – Free Report) fell 22.2% during the fourth quarter, the company said in its most recent filing with the Securities and Exchange Commission (SEC). The company owned 3,297 shares of the software maker, after selling 942 shares in the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Agilysys were worth $280,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Agilysys by 159.4% in the third quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock worth $39,814,000 after purchasing an additional 369,780 shares in the last quarter. Vanguard Group Inc. expanded its position in Agilysys by 6.1% in the third quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker, valued at $121,617,000, after purchasing an additional 106,026 shares in the last quarter. The State of Kentucky Teachers Retirement System increased its stake in Agilysys by 346.4% during the third quarter. The State of Kentucky Teachers Retirement System now owns 29,031 shares of the software maker’s stock worth $1,921,000 after purchasing an additional 22,527 shares during the period. Assenagon Asset Management SA increased its position in shares of Agilysys by 36.4% during the 4th quarter. Assenagon Asset Management SA now owns 218,418 shares of the software maker’s stock worth $18,526,000 after purchasing an additional 58,278 shares in the last quarter. Finally, the Illinois Municipal Retirement Fund acquired a new stake in Agilysys stock in the third quarter worth approximately $760,000. Institutional investors own 88.00% of the company’s shares.

Insiders place their bets

In other news, major shareholder Mak Capital One Llc sold 867,729 shares in a transaction on Wednesday, February 14. The stock sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the completion of the sale, the insider now owns 2,060,458 shares in the company, valued at approximately $170,173,226.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.60% of the shares are currently owned by company insiders.

Analysts set new price targets

A number of research analysts have recently commented on AGYS stock. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Needham & Company LLC lifted their price target on Agilysys from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, January 23. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $88.75.

Read our latest research report on AGYS

Agilysys Price Performance

NASDAQ AGYS opened at $79.21 on Monday. Agilysys, Inc. has a 12-month low of $62.00 and a 12-month high of $91.61. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 24.83 and a beta of 0.68. The company’s 50-day simple moving average is $80.58 and its 200-day simple moving average is $82.53.

Agilysys profile

(Free report)

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services for the hospitality industry in North America, Europe, Asia Pacific and India. It provides point of sale, property management systems, inventory and purchasing, payments, activity scheduling, reservation management and related solutions to enhance the guest experience.

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Would you like to see which other hedge funds own AGYS? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Agilysys, Inc. (NASDAQ:AGYS – Free Report).

Quarterly Institutional Ownership for Agilysys (NASDAQ:AGYS)



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