Agilysys, Inc. (NASDAQ:AGYS) Major Shareholder Sells $571,296.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) major shareholder Bermuda One Fund Llc sold 26,400 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $21.64, for a total value of $571,296.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% 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 Thursday, June 27th, Bermuda One Fund Llc sold 25,200 shares of Agilysys stock. The stock was sold at an average price of $21.31, for a total value of $537,012.00.
  • On Friday, June 21st, Bermuda One Fund Llc sold 11,200 shares of Agilysys stock. The shares were sold at an average price of $22.20, for a total value of $248,640.00.
  • On Monday, June 24th, Bermuda One Fund Llc sold 21,700 shares of Agilysys stock. The stock was sold at an average price of $22.14, for a total value of $480,438.00.
  • On Monday, June 17th, Bermuda One Fund Llc sold 10,000 shares of Agilysys stock. The stock was sold at an average price of $22.70, for a total transaction of $227,000.00.
  • On Wednesday, June 19th, Bermuda One Fund Llc sold 29,200 shares of Agilysys stock. The stock was sold at an average price of $22.42, for a total transaction of $654,664.00.
  • On Friday, June 14th, Bermuda One Fund Llc sold 16,900 shares of Agilysys stock. The stock was sold at an average price of $22.46, for a total transaction of $379,574.00.
  • On Tuesday, June 11th, Bermuda One Fund Llc sold 16,000 shares of Agilysys stock. The stock was sold at an average price of $22.39, for a total transaction of $358,240.00.
  • On Friday, May 31st, Bermuda One Fund Llc sold 5,400 shares of Agilysys stock. The stock was sold at an average price of $22.71, for a total transaction of $122,634.00.
  • On Monday, June 3rd, Bermuda One Fund Llc sold 19,500 shares of Agilysys stock. The stock was sold at an average price of $21.86, for a total transaction of $426,270.00.
  • On Wednesday, May 29th, Bermuda One Fund Llc sold 20,800 shares of Agilysys stock. The stock was sold at an average price of $22.52, for a total transaction of $468,416.00.

Shares of AGYS stock traded up $0.77 during mid-day trading on Monday, reaching $22.24. The company’s stock had a trading volume of 157,600 shares, compared to its average volume of 96,192. The firm’s 50 day moving average is $21.76. The stock has a market cap of $504.44 million, a price-to-earnings ratio of -39.02 and a beta of 0.32. Agilysys, Inc. has a 12-month low of $13.32 and a 12-month high of $22.98.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. boosted its stake in Agilysys by 144.1% in the 4th quarter. Bessemer Group Inc. now owns 34,900 shares of the software maker’s stock worth $500,000 after buying an additional 20,600 shares during the last quarter. Strs Ohio bought a new stake in shares of Agilysys in the 1st quarter valued at approximately $192,000. Granite Investment Partners LLC bought a new stake in shares of Agilysys in the 1st quarter valued at approximately $1,258,000. BNP Paribas Arbitrage SA increased its holdings in shares of Agilysys by 1,508.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,232 shares of the software maker’s stock valued at $68,000 after acquiring an additional 3,031 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings 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 acquiring an additional 123,167 shares during the last quarter. Institutional investors own 77.65% of the company’s stock.

A number of brokerages recently commented on AGYS. Zacks Investment Research downgraded shares of Agilysys from a “hold” rating to a “sell” rating in a research note on Thursday, May 30th. BidaskClub upgraded shares of Agilysys from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Northland Securities began coverage on shares of Agilysys in a research note on Friday, March 29th. They set an “outperform” rating and a $26.00 target price for the company. Finally, Maxim Group set a $25.00 target price on shares of Agilysys and gave the stock a “buy” rating in a research note on Friday, May 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Agilysys currently has a consensus rating of “Buy” and an average price target of $25.00.

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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