Martingale Asset Management L P grew its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 75.6% in the 4th quarter, HoldingsChannel reports. The fund owned 51,801 shares of the software maker’s stock after purchasing an additional 22,300 shares during the quarter. Martingale Asset Management L P’s holdings in Agilysys were worth $744,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Meeder Asset Management Inc. boosted 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 worth $31,000 after buying an additional 986 shares during the period. LS Investment Advisors LLC acquired a new position in shares of Agilysys during the fourth quarter worth about $45,000. State of Alaska Department of Revenue boosted 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 worth $84,000 after buying an additional 918 shares during the period. Oregon Public Employees Retirement Fund acquired a new position in shares of Agilysys during the fourth quarter worth about $96,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Agilysys during the third quarter worth about $100,000. Institutional investors own 86.20% of the company’s stock.
In other news, CEO Ramesh Srinivasan bought 20,000 shares of the stock in a transaction dated Wednesday, February 6th. The shares were bought at an average price of $18.40 per share, for a total transaction of $368,000.00. Following the completion of the purchase, the chief executive officer now owns 118,601 shares in the company, valued at $2,182,258.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith M. Kolerus sold 2,416 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $17.77, for a total value of $42,932.32. Following the transaction, the director now owns 143,930 shares in the company, valued at approximately $2,557,636.10. The disclosure for this sale can be found here. Insiders have sold 7,922 shares of company stock valued at $151,607 over the last three months. Insiders own 26.80% of the company’s stock.
Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Thursday, January 24th. The software maker reported ($0.18) EPS for the quarter. Agilysys had a negative net margin of 7.18% and a negative return on equity of 9.12%. The company had revenue of $36.01 million for the quarter.
Several research analysts recently commented on the company. ValuEngine raised Agilysys from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. BidaskClub cut Agilysys from a “buy” rating to a “hold” rating in a research report on Tuesday, December 4th. Finally, Maxim Group set a $22.00 price target on Agilysys and gave the company a “buy” rating in a research report on Friday, January 25th.
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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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