Deutsche Bank AG Buys 4,352 Shares of Agilysys, Inc. (NASDAQ:AGYS)

Deutsche Bank AG lifted its stake in Agilysys, Inc. (NASDAQ:AGYS) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 211,548 shares of the software maker’s stock after buying an additional 4,352 shares during the quarter. Deutsche Bank AG’s holdings in Agilysys were worth $27,863,000 at the end of the most recent reporting period.

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

Agilysys Trading Down 2.8%

Shares of AGYS opened at $82.30 on Thursday. The company’s fifty day simple moving average is $73.71 and its 200-day simple moving average is $99.40. The company has a market cap of $2.30 billion, a P/E ratio of 102.88 and a beta of 0.58. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $142.64.

Analysts Set New Price Targets

Several analysts have recently issued reports on AGYS shares. UBS Group set a $100.00 price objective on Agilysys in a report on Wednesday, March 5th. Craig Hallum lowered their price objective on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Needham & Company LLC dropped their price objective on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Finally, Oppenheimer lowered their price target on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $120.00.

Insider Activity at Agilysys

In other Agilysys news, Director John Mutch sold 2,000 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $77.87, for a total value of $155,740.00. Following the sale, the director now owns 32,654 shares in the company, valued at $2,542,766.98. This trade represents a 5.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 19.30% of the stock is currently owned by 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.