Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Major Shareholder Sells 16,900 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) major shareholder Bermuda One Fund Llc sold 16,900 shares of Agilysys stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $22.46, for a total value of $379,574.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, June 11th, Bermuda One Fund Llc sold 16,000 shares of Agilysys stock. The shares were sold at an average price of $22.39, for a total value of $358,240.00.
  • On Thursday, June 6th, Bermuda One Fund Llc sold 26,400 shares of Agilysys stock. The shares were sold at an average price of $21.64, for a total value of $571,296.00.
  • On Friday, May 31st, Bermuda One Fund Llc sold 5,400 shares of Agilysys stock. The shares were sold at an average price of $22.71, for a total value of $122,634.00.
  • On Monday, June 3rd, Bermuda One Fund Llc sold 19,500 shares of Agilysys stock. The shares were sold at an average price of $21.86, for a total value of $426,270.00.
  • On Wednesday, May 29th, Bermuda One Fund Llc sold 20,800 shares of Agilysys stock. The shares were sold at an average price of $22.52, for a total value of $468,416.00.
  • On Thursday, May 23rd, Bermuda One Fund Llc sold 33,200 shares of Agilysys stock. The shares were sold at an average price of $22.44, for a total value of $745,008.00.
  • On Friday, May 17th, Bermuda One Fund Llc sold 16,900 shares of Agilysys stock. The shares were sold at an average price of $21.10, for a total value of $356,590.00.
  • On Monday, May 20th, Bermuda One Fund Llc sold 32,800 shares of Agilysys stock. The shares were sold at an average price of $21.14, for a total value of $693,392.00.
  • On Wednesday, May 15th, Bermuda One Fund Llc sold 27,100 shares of Agilysys stock. The shares were sold at an average price of $19.88, for a total value of $538,748.00.
  • On Friday, May 10th, Bermuda One Fund Llc sold 16,400 shares of Agilysys stock. The shares were sold at an average price of $19.32, for a total value of $316,848.00.

NASDAQ:AGYS traded up $0.29 during mid-day trading on Friday, reaching $22.68. The stock had a trading volume of 101,652 shares, compared to its average volume of 89,401. The company has a market capitalization of $523.23 million, a price-to-earnings ratio of -39.79 and a beta of 0.36. Agilysys, Inc. has a one year low of $13.32 and a one year high of $22.94.

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

A number of large investors have recently added to or reduced their stakes in AGYS. BlackRock Inc. lifted its position in 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 purchasing an additional 30,687 shares during the last quarter. William Blair Investment Management LLC lifted its position in Agilysys by 8.7% in the first quarter. William Blair Investment Management LLC now owns 1,179,416 shares of the software maker’s stock valued at $24,968,000 after purchasing an additional 94,595 shares during the last quarter. Vanguard Group Inc. lifted its position in Agilysys by 12.1% in 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 during the last quarter. HCSF Management LLC lifted its position in Agilysys by 0.5% in the first quarter. HCSF Management LLC now owns 630,757 shares of the software maker’s stock valued at $13,353,000 after purchasing an additional 3,106 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Agilysys by 7.3% in the first quarter. Renaissance Technologies LLC now owns 615,752 shares of the software maker’s stock valued at $13,035,000 after purchasing an additional 41,752 shares during the last quarter. Institutional investors own 77.65% of the company’s stock.

AGYS has been the subject of a number of research analyst reports. BidaskClub upgraded Agilysys from a “hold” rating to a “buy” rating in a research report on Monday, May 20th. Maxim Group lifted their price target on Agilysys to $25.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Northland Securities initiated coverage on Agilysys in a research report on Friday, March 29th. They set an “outperform” rating and a $26.00 price target for the company. Finally, Zacks Investment Research downgraded Agilysys from a “hold” rating to a “sell” rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $25.50.

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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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