Assenagon Asset Management S.A. Buys 33,066 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Assenagon Asset Management S.A. raised its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 19.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 199,207 shares of the software maker’s stock after acquiring an additional 33,066 shares during the period. Assenagon Asset Management S.A.’s holdings in Agilysys were worth $21,708,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP lifted its position in shares of Agilysys by 439.5% during the first quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock valued at $84,903,000 after purchasing an additional 820,840 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Agilysys by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 115,398 shares of the software maker’s stock worth $9,723,000 after buying an additional 2,341 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Agilysys in the first quarter valued at approximately $584,000. BNP Paribas Financial Markets lifted its holdings in Agilysys by 91.6% during the first quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker’s stock worth $2,797,000 after acquiring an additional 15,870 shares during the period. Finally, RiverPark Advisors LLC boosted its position in Agilysys by 361.1% in the first quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock worth $149,000 after purchasing an additional 1,383 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AGYS shares. Oppenheimer increased their price target on shares of Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Craig Hallum lifted their target price on shares of Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. StockNews.com upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Agilysys in a research note on Monday, September 16th. Finally, BTIG Research raised their target price on Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Seven 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 price target of $124.00.

Insider Activity at Agilysys

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

Agilysys Stock Down 0.7 %

NASDAQ:AGYS opened at $110.19 on Friday. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $125.73. The stock has a market cap of $3.07 billion, a P/E ratio of 30.44 and a beta of 0.83. The business’s 50-day moving average price is $109.12 and its two-hundred day moving average price is $101.11.

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.