MetLife Investment Management LLC Purchases 884 Shares of Agilysys, Inc. (NASDAQ:AGYS)

MetLife Investment Management LLC raised its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,650 shares of the software maker’s stock after purchasing an additional 884 shares during the quarter. MetLife Investment Management LLC’s holdings in Agilysys were worth $1,798,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Synergy Asset Management LLC grew its holdings in Agilysys by 19.1% during the 4th quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock valued at $11,157,000 after buying an additional 13,785 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Agilysys by 381.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after acquiring an additional 336 shares during the period. Atria Investments Inc purchased a new position in Agilysys during the fourth quarter valued at approximately $315,000. Shaker Investments LLC OH bought a new stake in Agilysys during the 4th quarter worth approximately $1,084,000. Finally, Conestoga Capital Advisors LLC lifted its stake in Agilysys by 25.0% in the 4th quarter. Conestoga Capital Advisors LLC now owns 356,239 shares of the software maker’s stock worth $46,920,000 after purchasing an additional 71,168 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on AGYS shares. Craig Hallum decreased their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. UBS Group set a $100.00 price target on Agilysys in a report on Wednesday, March 5th. Northland Securities boosted their price objective on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Needham & Company LLC decreased their price objective on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, Oppenheimer dropped their target price on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Agilysys Price Performance

AGYS stock opened at $75.01 on Wednesday. The firm’s fifty day moving average is $73.90 and its 200 day moving average is $102.16. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $142.64. The firm has a market cap of $2.10 billion, a P/E ratio of 93.76 and a beta of 0.64.

Insider Activity

In other Agilysys news, Director John Mutch sold 750 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the transaction, the director now owns 31,904 shares in the company, valued at approximately $2,403,328.32. The trade was a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.