Insider Selling: Agilysys, Inc. (AGYS) Major Shareholder Sells 16,100 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) major shareholder Bermuda One Fund Llc sold 16,100 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.74, for a total value of $333,914.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Bermuda One Fund Llc also recently made the following trade(s):

  • On Wednesday, April 17th, Bermuda One Fund Llc sold 3,900 shares of Agilysys stock. The stock was sold at an average price of $19.42, for a total value of $75,738.00.
  • On Friday, April 12th, Bermuda One Fund Llc sold 3,500 shares of Agilysys stock. The shares were sold at an average price of $20.01, for a total value of $70,035.00.
  • On Monday, April 15th, Bermuda One Fund Llc sold 10,500 shares of Agilysys stock. The shares were sold at an average price of $19.98, for a total value of $209,790.00.
  • On Monday, April 8th, Bermuda One Fund Llc sold 5,100 shares of Agilysys stock. The shares were sold at an average price of $19.58, for a total value of $99,858.00.
  • On Wednesday, April 10th, Bermuda One Fund Llc sold 13,400 shares of Agilysys stock. The shares were sold at an average price of $19.62, for a total value of $262,908.00.
  • On Friday, April 5th, Bermuda One Fund Llc sold 13,000 shares of Agilysys stock. The shares were sold at an average price of $19.89, for a total value of $258,570.00.
  • On Tuesday, April 2nd, Bermuda One Fund Llc sold 19,900 shares of Agilysys stock. The shares were sold at an average price of $20.90, for a total value of $415,910.00.
  • On Tuesday, March 26th, Bermuda One Fund Llc sold 4,000 shares of Agilysys stock. The shares were sold at an average price of $20.78, for a total value of $83,120.00.

NASDAQ AGYS traded down $0.41 during mid-day trading on Friday, reaching $18.95. 96,188 shares of the company’s stock traded hands, compared to its average volume of 73,100. Agilysys, Inc. has a 1-year low of $11.60 and a 1-year high of $21.38. The firm has a market cap of $445.99 million, a PE ratio of -51.22 and a beta of 0.64.

Agilysys (NASDAQ:AGYS) last released its earnings results on Thursday, January 24th. The software maker reported ($0.18) EPS for the quarter. Agilysys had a negative return on equity of 9.12% and a negative net margin of 7.18%. The firm had revenue of $36.01 million for the quarter. As a group, equities analysts anticipate that Agilysys, Inc. will post -0.63 EPS for the current year.

A number of brokerages have weighed in on AGYS. Maxim Group raised their price objective on Agilysys to $25.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. BidaskClub lowered Agilysys from a “hold” rating to a “sell” rating in a research note on Saturday, January 12th. ValuEngine upgraded Agilysys from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Northland Securities began coverage on Agilysys in a research note on Friday, March 29th. They set an “outperform” rating and a $26.00 price objective for the company.

Large investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. lifted its holdings in Agilysys by 88.4% during the 4th quarter. Meeder Asset Management Inc. now owns 2,101 shares of the software maker’s stock worth $31,000 after buying an additional 986 shares during the last quarter. LS Investment Advisors LLC bought a new stake in shares of Agilysys in the 4th quarter worth approximately $45,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Agilysys in the 4th quarter worth approximately $72,000. Metropolitan Life Insurance Co. NY bought a new stake in shares of Agilysys in the 4th quarter worth approximately $76,000. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Agilysys by 18.5% in the 4th quarter. State of Alaska Department of Revenue now owns 5,889 shares of the software maker’s stock worth $84,000 after purchasing an additional 918 shares during the last quarter. 86.20% of the stock is currently owned by institutional investors.

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About Agilysys

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.

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Insider Buying and Selling by Quarter for Agilysys (NASDAQ:AGYS)

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