Emerald Mutual Fund Advisers Trust Sells 31,573 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Emerald Mutual Fund Advisers Trust decreased its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,749 shares of the software maker’s stock after selling 31,573 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.50% of Agilysys worth $18,406,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in shares of Agilysys by 412.9% during the 4th quarter. Invesco Ltd. now owns 727,794 shares of the software maker’s stock valued at $95,858,000 after buying an additional 585,886 shares in the last quarter. Franklin Resources Inc. lifted its position in Agilysys by 521.7% in the fourth quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker’s stock worth $80,347,000 after buying an additional 511,900 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Agilysys by 729.1% in the 4th quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker’s stock worth $52,487,000 after acquiring an additional 350,441 shares during the last quarter. Lord Abbett & CO. LLC raised its position in Agilysys by 47.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock worth $115,383,000 after purchasing an additional 340,424 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Agilysys by 268.0% in the fourth quarter. Principal Financial Group Inc. now owns 426,474 shares of the software maker’s stock worth $56,169,000 after purchasing an additional 310,573 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Insider Transactions at Agilysys

In related news, Director John Mutch sold 750 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the sale, the director now directly owns 31,904 shares in the company, valued at approximately $2,403,328.32. This trade represents a 2.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 19.30% of the company’s stock.

Agilysys Price Performance

NASDAQ:AGYS opened at $73.88 on Tuesday. The stock has a 50 day moving average of $74.02 and a two-hundred day moving average of $102.35. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.07 billion, a P/E ratio of 92.35 and a beta of 0.64.

Analysts Set New Price Targets

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

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.