Lazard Asset Management LLC Increases Stock Holdings in Agilysys, Inc. (NASDAQ:AGYS)

Lazard Asset Management LLC increased its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 711.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,359 shares of the software maker’s stock after purchasing an additional 9,083 shares during the quarter. Lazard Asset Management LLC’s holdings in Agilysys were worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC increased its position in Agilysys by 109.0% during 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 increased its position in Agilysys by 381.8% during 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 purchased a new stake in Agilysys during the 4th quarter worth about $61,000. Assetmark Inc. purchased a new stake in Agilysys during the 4th quarter worth about $115,000. Finally, Huntington National Bank increased its position in Agilysys by 319.1% during 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. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

AGYS has been the subject of a number of recent research reports. Craig Hallum dropped 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. Needham & Company LLC dropped 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. Oppenheimer dropped 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. Finally, UBS Group set a $100.00 price target on Agilysys in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Agilysys presently has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Insiders Place Their Bets

In other news, Director John Mutch sold 750 shares of Agilysys stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $75.33, for a total value of $56,497.50. Following the transaction, the director now directly owns 31,904 shares of the company’s stock, valued at $2,403,328.32. The trade was a 2.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 19.30% of the stock is owned by corporate insiders.

Agilysys Stock Up 4.0%

Shares of NASDAQ:AGYS opened at $86.00 on Monday. The stock’s 50-day moving average price is $74.10 and its two-hundred day moving average price is $99.09. 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 12-month low of $63.71 and a 12-month high of $142.64. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 107.50 and a beta of 0.58.

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.