Insider Selling: Agilysys, Inc. (AGYS) Major Shareholder Sells $70,035.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) major shareholder Bermuda One Fund Llc sold 3,500 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $20.01, for a total transaction of $70,035.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Monday, April 15th, Bermuda One Fund Llc sold 10,500 shares of Agilysys stock. The stock was sold at an average price of $19.98, for a total transaction of $209,790.00.
  • 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 value of $83,120.00.
  • On Thursday, March 28th, Bermuda One Fund Llc sold 16,100 shares of Agilysys stock. The stock was sold at an average price of $20.74, for a total value of $333,914.00.

NASDAQ:AGYS opened at $19.36 on Thursday. Agilysys, Inc. has a 52-week low of $11.60 and a 52-week high of $21.38. The firm has a market cap of $463.31 million, a PE ratio of -52.32 and a beta of 0.64.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Thursday, January 24th. The software maker reported ($0.18) earnings per share for the quarter. Agilysys had a negative net margin of 7.18% and a negative return on equity of 9.12%. The firm had revenue of $36.01 million during the quarter. Research analysts forecast that Agilysys, Inc. will post -0.63 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in AGYS. BlackRock Inc. raised its stake in Agilysys by 12.7% in the 3rd quarter. BlackRock Inc. now owns 2,539,194 shares of the software maker’s stock valued at $41,389,000 after purchasing an additional 285,526 shares during the last quarter. Renaissance Technologies LLC raised its stake in Agilysys by 35.4% in the 3rd quarter. Renaissance Technologies LLC now owns 560,052 shares of the software maker’s stock valued at $9,129,000 after purchasing an additional 146,400 shares during the last quarter. Vanguard Group Inc raised its stake in 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 purchasing an additional 123,167 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Agilysys by 12.1% during 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. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Agilysys during the 4th quarter valued at about $1,406,000. 86.20% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the company. BidaskClub downgraded Agilysys from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Maxim Group lifted their price target on Agilysys to $25.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Northland Securities assumed coverage on Agilysys in a research note on Friday, March 29th. They set an “outperform” rating and a $26.00 price target for the company. Finally, ValuEngine raised Agilysys from a “hold” rating to a “buy” rating in a research note on Monday, February 4th.

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About Agilysys

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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