Tower Research Capital LLC TRC Lowers Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Tower Research Capital LLC TRC trimmed its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 93.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 295 shares of the software maker’s stock after selling 4,182 shares during the period. Tower Research Capital LLC TRC’s holdings in Agilysys were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AGYS. Synergy Asset Management LLC lifted its position in shares of 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 increased its stake in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after acquiring an additional 336 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of Agilysys in the 4th quarter worth $315,000. Shaker Investments LLC OH acquired a new stake in shares of Agilysys in the 4th quarter worth $1,084,000. Finally, Conestoga Capital Advisors LLC increased its stake in shares of 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 acquiring an additional 71,168 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Stock Up 1.1%

AGYS stock opened at $84.67 on Wednesday. Agilysys, Inc. has a one year low of $63.71 and a one year high of $142.64. The stock has a market capitalization of $2.37 billion, a PE ratio of 105.84 and a beta of 0.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The company has a fifty day moving average of $73.63 and a 200-day moving average of $99.52.

Insider Activity 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 value of $56,497.50. Following the completion of the sale, the director now owns 31,904 shares in the company, valued at $2,403,328.32. This trade represents a 2.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 19.30% of the company’s stock.

Analysts Set New Price Targets

AGYS has been the subject of a number of recent analyst reports. UBS Group set a $100.00 price objective on Agilysys in a research report on Wednesday, March 5th. Oppenheimer cut their price objective on Agilysys from $135.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Needham & Company LLC cut their price objective on Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Craig Hallum cut their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Agilysys currently has an average rating of “Moderate Buy” and an average target price of $120.00.

Agilysys 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.