Agilysys (AGYS) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of Agilysys (NASDAQ:AGYS) from a sell rating to a hold rating in a report released on Tuesday, BidAskClub reports.

Several other brokerages also recently weighed in on AGYS. ValuEngine upgraded shares of Agilysys from a hold rating to a buy rating in a research note on Monday, February 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, January 25th. Finally, Northland Securities initiated coverage on shares of Agilysys in a report on Friday, March 29th. They set an outperform rating and a $26.00 target price for the company.

Shares of NASDAQ:AGYS opened at $19.46 on Tuesday. The company has a market cap of $457.99 million, a PE ratio of -52.59 and a beta of 0.57. Agilysys has a one year low of $11.68 and a one year high of $21.38.

In related news, Director Keith M. Kolerus sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $19.88, for a total transaction of $99,400.00. Following the transaction, the director now directly owns 143,930 shares in the company, valued at $2,861,328.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Bermuda One Fund Llc sold 15,651 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $19.33, for a total transaction of $302,533.83. The disclosure for this sale can be found here. Insiders have sold 172,751 shares of company stock worth $3,395,485 over the last 90 days. 26.80% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Bessemer Group Inc. raised its stake in shares of Agilysys by 144.1% in the 4th quarter. Bessemer Group Inc. now owns 34,900 shares of the software maker’s stock valued at $500,000 after acquiring an additional 20,600 shares during the period. BlackRock Inc. increased its position in shares of Agilysys by 12.7% in the 3rd quarter. BlackRock Inc. now owns 2,539,194 shares of the software maker’s stock valued at $41,389,000 after purchasing an additional 285,526 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Agilysys by 12.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,141,735 shares of the software maker’s stock valued at $18,610,000 after purchasing an additional 123,167 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Agilysys in the 4th quarter valued at approximately $1,406,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Agilysys by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,775,952 shares of the software maker’s stock valued at $28,948,000 after buying an additional 7,996 shares in the last quarter. Institutional investors own 85.95% of the company’s stock.

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.

Further Reading: Limitations of the P/E Growth ratio

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