Insider Selling: Agilysys, Inc. (AGYS) Major Shareholder Sells 10,500 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) major shareholder Bermuda One Fund Llc sold 10,500 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $19.98, for a total transaction of $209,790.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • 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 transaction of $70,035.00.
  • 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 transaction of $99,858.00.
  • On Wednesday, April 10th, Bermuda One Fund Llc sold 13,400 shares of Agilysys stock. The stock was sold at an average price of $19.62, for a total transaction of $262,908.00.
  • On Friday, April 5th, Bermuda One Fund Llc sold 13,000 shares of Agilysys stock. The stock was sold at an average price of $19.89, for a total transaction of $258,570.00.
  • On Tuesday, April 2nd, Bermuda One Fund Llc sold 19,900 shares of Agilysys stock. The stock was sold at an average price of $20.90, for a total transaction of $415,910.00.
  • On Tuesday, March 26th, Bermuda One Fund Llc sold 4,000 shares of Agilysys stock. The stock was sold at an average price of $20.78, for a total transaction of $83,120.00.
  • On Thursday, March 28th, Bermuda One Fund Llc sold 16,100 shares of Agilysys stock. The shares were sold at an average price of $20.74, for a total transaction of $333,914.00.

Shares of NASDAQ AGYS opened at $19.64 on Wednesday. The stock has a market cap of $475.41 million, a PE ratio of -53.08 and a beta of 0.64. Agilysys, Inc. has a 1 year low of $11.60 and a 1 year high of $21.38.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Thursday, January 24th. The software maker reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $36.01 million for the quarter. Agilysys had a negative net margin of 7.18% and a negative return on equity of 9.12%. Sell-side analysts anticipate that Agilysys, Inc. will post -0.63 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Agilysys by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 143,261 shares of the software maker’s stock valued at $2,054,000 after buying an additional 800 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Agilysys by 18.5% during the fourth quarter. State of Alaska Department of Revenue now owns 5,889 shares of the software maker’s stock valued at $84,000 after purchasing an additional 918 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Agilysys by 88.4% during the fourth quarter. Meeder Asset Management Inc. now owns 2,101 shares of the software maker’s stock valued at $31,000 after purchasing an additional 986 shares in the last quarter. Stone Ridge Asset Management LLC lifted its position in shares of Agilysys by 3.5% during the fourth quarter. Stone Ridge Asset Management LLC now owns 34,701 shares of the software maker’s stock valued at $498,000 after purchasing an additional 1,179 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Agilysys by 6.2% during the fourth quarter. Arizona State Retirement System now owns 27,175 shares of the software maker’s stock valued at $390,000 after purchasing an additional 1,580 shares in the last quarter. Hedge funds and other institutional investors own 86.20% of the company’s stock.

A number of research analysts have recently issued reports on the stock. BidaskClub cut shares of Agilysys from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Maxim Group lifted their price objective on shares of Agilysys to $25.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Northland Securities assumed coverage on shares of Agilysys in a report on Friday, March 29th. They set an “outperform” rating and a $26.00 price objective for the company. Finally, ValuEngine upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a report 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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Insider Buying and Selling by Quarter for Agilysys (NASDAQ:AGYS)

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