Agilysys, Inc. (NASDAQ:AGYS) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,297 shares of the software maker’s stock after selling 942 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Agilysys were worth $280,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of Agilysys by 159.4% in the 3rd quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock valued at $39,814,000 after purchasing an additional 369,780 shares in the last quarter. Vanguard Group Inc. grew its position in Agilysys by 6.1% during the third quarter. Vanguard Group Inc. now owns 1,838,222 shares of the software maker’s stock worth $121,617,000 after buying an additional 106,026 shares during the period. Emerald Mutual Fund Advisers Trust increased its holdings in Agilysys by 120.7% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 170,215 shares of the software maker’s stock valued at $11,261,000 after buying an additional 93,103 shares in the last quarter. Emerald Advisers LLC lifted its position in shares of Agilysys by 71.8% during the 3rd quarter. Emerald Advisers LLC now owns 208,388 shares of the software maker’s stock valued at $13,787,000 after acquiring an additional 87,119 shares during the period. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Agilysys by 6.3% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,213,452 shares of the software maker’s stock worth $80,282,000 after acquiring an additional 72,111 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Insider Activity at Agilysys

In other Agilysys news, major shareholder Mak Capital One Llc sold 867,729 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $82.59, for a total transaction of $71,665,738.11. Following the completion of the transaction, the insider now owns 2,060,458 shares of the company’s stock, valued at $170,173,226.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 23.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AGYS has been the subject of several research analyst reports. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Tuesday, April 2nd. Needham & Company LLC raised their price target on Agilysys from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, January 23rd. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $88.75.

Agilysys Price Performance

AGYS stock opened at $79.21 on Monday. The company’s 50 day simple moving average is $80.58 and its 200-day simple moving average is $82.53. Agilysys, Inc. has a 12 month low of $62.00 and a 12 month high of $91.61. The firm has a market capitalization of $2.17 billion, a PE ratio of 24.83 and a beta of 0.68.

About Agilysys

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.