Fri Sep 20 12:29:16 UTC 2024: ## Renaissance Technologies Cuts Stake in Agilysys, Other Investors Make Moves

**New York, NY** – Renaissance Technologies LLC, the renowned quantitative hedge fund, has reduced its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 11.3% during the second quarter, according to a recent SEC filing. The fund now owns 230,852 shares of the hospitality software provider, valued at $24,041,000.

Other institutional investors and hedge funds have also been active in the stock. GAMMA Investing LLC significantly increased its stake by 162.1% in the second quarter, while CWM LLC boosted its position by 390.2% during the same period. New positions were established by Larson Financial Group LLC and YHB Investment Advisors Inc. in the second and first quarters, respectively. RiverPark Advisors LLC also expanded its holdings in the first quarter by 361.1%. Overall, institutional investors own 88% of Agilysys’ outstanding shares.

Research analysts remain bullish on AGYS. Several firms, including Craig Hallum, BTIG Research, Needham & Company LLC, StockNews.com, and Northland Securities, have issued “buy” ratings with price targets ranging from $105.00 to $132.00. MarketBeat.com reports an average “Buy” rating and a consensus target price of $124.00 for the stock.

Agilysys stock opened at $104.61 on Friday, with a market cap of $2.92 billion. The company’s recent quarterly earnings report, released on July 22nd, showed an EPS of $0.30, exceeding analyst estimates. However, revenue came in slightly below expectations.

Insider trading activity has also been notable. Director Mak Capital One Llc sold 45,000 shares in June, while insider Chris J. Robertson sold 4,000 shares in August. Over the past 90 days, insiders have sold a total of 80,543 shares, representing 23.60% of the company’s stock.

Agilysys, Inc. specializes in software-enabled solutions for the hospitality industry, offering integrated solutions, cloud applications, and professional services. The company operates in North America, Europe, Asia-Pacific, and India.

**Investors interested in learning more about hedge fund holdings and insider trades for Agilysys can visit HoldingsChannel.com.**

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