Occudo Quantitative Strategies LP Takes $373,000 Position in Agilysys, Inc. (NASDAQ:AGYS)

Occudo Quantitative Strategies LP bought a new position in Agilysys, Inc. (NASDAQ:AGYS) in the fourth quarter, Holdings Channel reports. The firm bought 2,835 shares of the software maker’s stock, valued at approximately $373,000.

Other institutional investors also recently bought and sold shares of the company. Harbor Investment Advisory LLC boosted its stake in Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after purchasing an additional 193 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in 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 purchasing an additional 336 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Agilysys in the 4th quarter worth approximately $61,000. Assetmark Inc. acquired a new stake in Agilysys in the 4th quarter worth approximately $115,000. Finally, Huntington National Bank boosted its stake in Agilysys by 319.1% in the 4th quarter. Huntington National Bank now owns 922 shares of the software maker’s stock worth $121,000 after purchasing an additional 702 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Agilysys Stock Performance

AGYS opened at $82.72 on Friday. 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 capitalization of $2.31 billion, a PE ratio of 103.40 and a beta of 0.58. The firm has a 50 day moving average of $73.89 and a two-hundred day moving average of $99.20.

Analyst Ratings Changes

AGYS has been the subject of a number of recent analyst reports. Needham & Company LLC lowered their target price 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. Craig Hallum reduced their price target 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. UBS Group set a $100.00 price target on shares of Agilysys in a research report on Wednesday, March 5th. Finally, Oppenheimer reduced their price target on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Agilysys has a consensus rating of “Moderate Buy” and a consensus price target of $120.00.

Insider Activity

In other news, Director John Mutch sold 2,000 shares of Agilysys stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the completion of the transaction, the director now directly owns 32,654 shares of the company’s stock, valued at $2,542,766.98. The trade was a 5.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.