Agilysys, Inc. (AGYS) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its position in Agilysys, Inc. (NASDAQ:AGYS) by 17.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 26,504 shares of the software maker’s stock after selling 5,749 shares during the quarter. Deutsche Bank AG’s holdings in Agilysys were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. grew its holdings in shares of Agilysys by 144.1% in the fourth quarter. Bessemer Group Inc. now owns 34,900 shares of the software maker’s stock worth $500,000 after acquiring an additional 20,600 shares during the period. Vanguard Group Inc. lifted its position in Agilysys by 12.1% during the third 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 in the last quarter. Assenagon Asset Management S.A. purchased a new position in Agilysys during the fourth quarter valued at $1,406,000. BlackRock Inc. lifted its position in shares of Agilysys by 1.2% in the fourth quarter. BlackRock Inc. now owns 2,569,881 shares of the software maker’s stock valued at $36,854,000 after acquiring an additional 30,687 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Agilysys by 23.5% during the fourth quarter. Rhumbline Advisers now owns 49,593 shares of the software maker’s stock valued at $711,000 after buying an additional 9,436 shares during the last quarter. 86.01% of the stock is owned by institutional investors.

In related news, major shareholder Bermuda One Fund Llc sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $20.78, for a total value of $83,120.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 294,151 shares of company stock worth $5,946,671. 26.80% of the stock is owned by insiders.

Several research analysts recently issued reports on the company. BidaskClub raised Agilysys from a “hold” rating to a “buy” rating in a research note on Monday, May 20th. Maxim Group increased their price objective on Agilysys to $25.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Northland Securities assumed coverage on Agilysys in a research note on Friday, March 29th. They issued an “outperform” rating and a $26.00 price objective on the stock. Finally, ValuEngine raised Agilysys from a “hold” rating to a “buy” rating in a research note on Monday, February 4th.

Shares of NASDAQ:AGYS opened at $22.37 on Friday. Agilysys, Inc. has a 52-week low of $12.94 and a 52-week high of $22.75. The company has a market capitalization of $526.48 million, a P/E ratio of -39.25 and a beta of 0.57.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Thursday, May 16th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.07). Agilysys had a negative return on equity of 12.49% and a negative net margin of 9.35%. The firm had revenue of $36.62 million during the quarter, compared to the consensus estimate of $36.80 million. During the same period last year, the company earned ($0.06) EPS. On average, analysts expect that Agilysys, Inc. will post -0.56 EPS for the current year.

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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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Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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