Agilysys, Inc. (NASDAQ:AGYS) Major Shareholder Bermuda One Fund Llc Sells 3,900 Shares

Agilysys, Inc. (NASDAQ:AGYS) major shareholder Bermuda One Fund Llc sold 3,900 shares of Agilysys stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $19.42, for a total value of $75,738.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Friday, May 10th, Bermuda One Fund Llc sold 16,400 shares of Agilysys stock. The stock was sold at an average price of $19.32, for a total value of $316,848.00.
  • On Tuesday, May 7th, Bermuda One Fund Llc sold 15,651 shares of Agilysys stock. The stock was sold at an average price of $19.33, for a total value of $302,533.83.
  • On Thursday, May 2nd, Bermuda One Fund Llc sold 22,400 shares of Agilysys stock. The stock was sold at an average price of $18.92, for a total value of $423,808.00.
  • On Friday, April 26th, Bermuda One Fund Llc sold 3,200 shares of Agilysys stock. The stock was sold at an average price of $18.93, for a total value of $60,576.00.
  • On Monday, April 29th, Bermuda One Fund Llc sold 11,700 shares of Agilysys stock. The stock was sold at an average price of $18.94, for a total value of $221,598.00.
  • On Monday, April 22nd, Bermuda One Fund Llc sold 8,000 shares of Agilysys stock. The stock was sold at an average price of $18.63, for a total value of $149,040.00.
  • On Wednesday, April 24th, Bermuda One Fund Llc sold 17,400 shares of Agilysys stock. The stock was sold at an average price of $18.89, for a total value of $328,686.00.
  • On Friday, April 12th, Bermuda One Fund Llc sold 3,500 shares of Agilysys stock. The stock was 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 stock was 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 stock was sold at an average price of $19.58, for a total value of $99,858.00.

Shares of NASDAQ AGYS traded up $0.51 during midday trading on Friday, reaching $19.77. The company had a trading volume of 80,202 shares, compared to its average volume of 61,758. Agilysys, Inc. has a one year low of $11.68 and a one year high of $21.38. The firm has a market cap of $453.29 million, a PE ratio of -53.43 and a beta of 0.57.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. William Blair Investment Management LLC lifted its stake in shares of Agilysys by 8.7% in the 1st quarter. William Blair Investment Management LLC now owns 1,179,416 shares of the software maker’s stock valued at $24,968,000 after acquiring an additional 94,595 shares during the last quarter. Federated Investors Inc. PA bought a new stake in shares of Agilysys in the 1st quarter valued at about $37,000. AJO LP bought a new stake in shares of Agilysys in the 1st quarter valued at about $268,000. O Shaughnessy Asset Management LLC lifted its stake in shares of Agilysys by 558.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 40,672 shares of the software maker’s stock valued at $857,000 after acquiring an additional 34,499 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Agilysys by 5.3% in the 1st quarter. Wells Fargo & Company MN now owns 30,103 shares of the software maker’s stock valued at $637,000 after acquiring an additional 1,516 shares during the last quarter. 85.95% of the stock is owned by institutional investors.

Several brokerages have issued reports on AGYS. BidaskClub raised Agilysys from a “sell” rating to a “hold” rating in a research note on Tuesday. Northland Securities started coverage on Agilysys in a research note on Friday, March 29th. They issued an “outperform” rating and a $26.00 target price for the company. Maxim Group boosted their target price on Agilysys to $25.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Finally, ValuEngine raised Agilysys from a “hold” rating to a “buy” rating in a research note on Monday, February 4th.

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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.

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