Segall Bryant & Hamill LLC increased its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 23.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,017 shares of the software maker’s stock after purchasing an additional 11,197 shares during the quarter. Segall Bryant & Hamill LLC owned 0.25% of Agilysys worth $846,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its holdings in shares of Agilysys by 88.4% during the fourth quarter. Meeder Asset Management Inc. now owns 2,101 shares of the software maker’s stock valued at $31,000 after acquiring an additional 986 shares during the period. LS Investment Advisors LLC acquired a new stake in shares of Agilysys during the fourth quarter valued at approximately $45,000. Municipal Employees Retirement System of Michigan acquired a new position in Agilysys in the 4th quarter valued at approximately $72,000. Metropolitan Life Insurance Co. NY acquired a new position in Agilysys in the 4th quarter valued at approximately $76,000. Finally, State of Alaska Department of Revenue increased its stake in 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 valued at $84,000 after buying an additional 918 shares during the period. Institutional investors and hedge funds own 86.20% of the company’s stock.
AGYS has been the topic of several research reports. ValuEngine upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. BidaskClub lowered shares of Agilysys from a “hold” rating to a “sell” rating in a research note on Saturday, January 12th. Maxim Group set a $22.00 target price on shares of Agilysys and gave the stock a “buy” rating in a research report on Friday, January 25th. Finally, Northland Securities started coverage on shares of Agilysys in a research report on Friday, March 29th. They issued an “outperform” rating and a $26.00 target price for the company.
Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Thursday, January 24th. The software maker reported ($0.18) earnings per share (EPS) for the quarter. The firm had revenue of $36.01 million for the quarter. Agilysys had a negative return on equity of 9.12% and a negative net margin of 7.18%. As a group, sell-side analysts anticipate that Agilysys, Inc. will post -0.63 earnings per share for the current fiscal year.
In other news, major shareholder Bermuda One Fund Llc sold 16,100 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.74, for a total value of $333,914.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ramesh Srinivasan bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The shares were purchased at an average price of $18.40 per share, with a total value of $368,000.00. Following the transaction, the chief executive officer now directly owns 118,601 shares in the company, valued at $2,182,258.40. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 97,322 shares of company stock valued at $1,961,450. 26.80% of the stock is owned by insiders.
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.
Further Reading: Depreciation
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