Occudo Quantitative Strategies LP Acquires Shares of 2,835 Agilysys, Inc. (NASDAQ:AGYS)

Occudo Quantitative Strategies LP acquired a new stake in shares of Agilysys, Inc. (NASDAQ:AGYS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,835 shares of the software maker’s stock, valued at approximately $373,000.

Several other institutional investors have also bought and sold shares of AGYS. Harbor Investment Advisory LLC lifted its position in Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after purchasing an additional 193 shares during the last quarter. Smartleaf Asset Management LLC raised its stake 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. Arcadia Investment Management Corp MI purchased a new stake in shares of Agilysys in the fourth quarter valued at $61,000. Assetmark Inc. purchased a new stake in shares of Agilysys in the fourth quarter valued at $115,000. Finally, Huntington National Bank raised its stake in shares of Agilysys by 319.1% in the fourth quarter. Huntington National Bank now owns 922 shares of the software maker’s stock valued at $121,000 after acquiring an additional 702 shares during the period. Institutional investors own 88.00% of the company’s stock.

Agilysys Trading Up 0.5%

AGYS stock opened at $82.72 on Friday. The company has a market capitalization of $2.31 billion, a PE ratio of 103.40 and a beta of 0.58. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The firm’s 50-day moving average is $73.89 and its 200 day moving average is $99.20. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Oppenheimer reduced their target price on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Craig Hallum reduced their target price on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. UBS Group set a $100.00 price target on shares of Agilysys in a research note on Wednesday, March 5th. Finally, Needham & Company LLC reduced their price target on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Insider Buying and Selling at Agilysys

In other Agilysys news, Director John Mutch sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the transaction, the director now owns 32,654 shares of the company’s stock, valued at approximately $2,542,766.98. This trade represents a 5.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 19.30% of the company’s stock.

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.