ValuEngine upgraded shares of Agilysys (NASDAQ:AGYS) from a hold rating to a buy rating in a research note published on Monday morning.

AGYS has been the subject of several other reports. BidaskClub lowered shares of Agilysys from a buy rating to a hold rating in a report on Tuesday, December 4th. Maxim Group set a $22.00 target price on shares of Agilysys and gave the stock a buy rating in a report on Friday, October 19th.

Agilysys stock opened at $17.89 on Monday. Agilysys has a 12-month low of $10.77 and a 12-month high of $18.66.

A number of institutional investors have recently added to or reduced their stakes in AGYS. Meeder Asset Management Inc. increased its holdings in Agilysys by 88.4% in the 4th quarter. Meeder Asset Management Inc. now owns 2,101 shares of the software maker’s stock worth $31,000 after acquiring an additional 986 shares in the last quarter. LS Investment Advisors LLC purchased a new stake in Agilysys during the 4th quarter valued at approximately $45,000. State of Alaska Department of Revenue grew its holdings in Agilysys by 18.5% during the 4th quarter. State of Alaska Department of Revenue now owns 5,889 shares of the software maker’s stock valued at $84,000 after buying an additional 918 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Agilysys during the 3rd quarter valued at approximately $100,000. Finally, Texas Permanent School Fund purchased a new stake in Agilysys during the 3rd quarter valued at approximately $181,000. 86.97% of the stock is owned by institutional investors.

Agilysys Company Profile

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. The company offers point-of-sale, property management, reservation and table management, inventory and procurement, workforce management, analytics, document management, and mobile and wireless solutions to streamline operations, and enhance efficiency and guest experience.

Read More: Cost of Equity For A Business, Investors

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Agilysys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agilysys and related companies with MarketBeat.com's FREE daily email newsletter.