Algert Global LLC raised its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 57.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,655 shares of the software maker’s stock after purchasing an additional 45,919 shares during the period. Algert Global LLC’s holdings in Agilysys were worth $2,048,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in AGYS. O Shaughnessy Asset Management LLC purchased a new stake in shares of Agilysys in the third quarter valued at about $100,000. SG Americas Securities LLC purchased a new stake in shares of Agilysys in the second quarter valued at about $122,000. Texas Permanent School Fund purchased a new stake in shares of Agilysys in the third quarter valued at about $181,000. Alambic Investment Management L.P. purchased a new stake in shares of Agilysys in the second quarter valued at about $190,000. Finally, Albert D Mason Inc. purchased a new stake in shares of Agilysys in the third quarter valued at about $217,000. 86.52% of the stock is currently owned by institutional investors.
In related news, SVP Kyle C. Badger sold 3,693 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $15.73, for a total transaction of $58,090.89. Following the completion of the sale, the senior vice president now directly owns 94,771 shares of the company’s stock, valued at approximately $1,490,747.83. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith M. Kolerus sold 14,317 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $15.69, for a total transaction of $224,633.73. Following the sale, the director now directly owns 152,819 shares of the company’s stock, valued at $2,397,730.11. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,944 shares of company stock worth $375,710. 26.80% of the stock is currently owned by insiders.
Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Thursday, October 25th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.02. The business had revenue of $34.20 million for the quarter, compared to the consensus estimate of $33.51 million. Agilysys had a negative net margin of 5.83% and a negative return on equity of 7.08%. As a group, research analysts forecast that Agilysys, Inc. will post -0.26 EPS for the current fiscal year.
Several equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Tuesday. Maxim Group reissued a “buy” rating and set a $22.00 price objective on shares of Agilysys in a research note on Monday, September 17th.
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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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