State of New Jersey Common Pension Fund D Acquires Shares of 17,511 Agilysys, Inc. $AGYS

State of New Jersey Common Pension Fund D acquired a new stake in Agilysys, Inc. (NASDAQ:AGYS) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 17,511 shares of the software maker’s stock, valued at approximately $2,081,000.

Several other large investors also recently added to or reduced their stakes in the business. Keybank National Association OH bought a new stake in Agilysys in the fourth quarter worth approximately $244,000. Pictet Asset Management Holding SA grew its position in Agilysys by 7.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,264 shares of the software maker’s stock worth $507,000 after acquiring an additional 289 shares in the last quarter. UBS Group AG grew its position in Agilysys by 3.6% in the fourth quarter. UBS Group AG now owns 353,696 shares of the software maker’s stock worth $42,033,000 after acquiring an additional 12,259 shares in the last quarter. Vanguard Group Inc. grew its position in Agilysys by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock worth $286,160,000 after acquiring an additional 32,052 shares in the last quarter. Finally, Peregrine Capital Management LLC grew its position in Agilysys by 9.8% in the fourth quarter. Peregrine Capital Management LLC now owns 113,447 shares of the software maker’s stock worth $13,482,000 after acquiring an additional 10,087 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on AGYS shares. Wall Street Zen downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Agilysys in a research report on Tuesday, April 28th. Zacks Research raised shares of Agilysys from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 26th. Oppenheimer decreased their target price on shares of Agilysys from $140.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, April 9th. Finally, Weiss Ratings downgraded shares of Agilysys from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Agilysys currently has a consensus rating of “Hold” and an average price target of $131.40.

Agilysys Trading Down 1.8%

NASDAQ AGYS opened at $71.59 on Friday. The company has a market cap of $2.01 billion, a P/E ratio of 66.91 and a beta of 0.30. Agilysys, Inc. has a 1 year low of $61.50 and a 1 year high of $145.25. The company has a fifty day simple moving average of $69.91 and a 200 day simple moving average of $97.44.

Agilysys Profile

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.