Agilysys, Inc. (NASDAQ:AGYS) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its position in Agilysys, Inc. (NASDAQ:AGYS) by 136.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,213 shares of the software maker’s stock after purchasing an additional 37,029 shares during the quarter. Squarepoint Ops LLC owned about 0.27% of Agilysys worth $1,644,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System grew its stake in shares of Agilysys by 1.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 29,916 shares of the software maker’s stock worth $642,000 after purchasing an additional 530 shares in the last quarter. Stone Ridge Asset Management LLC lifted its holdings in Agilysys by 2.2% in the second quarter. Stone Ridge Asset Management LLC now owns 32,420 shares of the software maker’s stock worth $696,000 after purchasing an additional 700 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in Agilysys by 15.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,110 shares of the software maker’s stock worth $156,000 after purchasing an additional 830 shares during the period. Mason Street Advisors LLC lifted its holdings in Agilysys by 17.5% in the third quarter. Mason Street Advisors LLC now owns 6,914 shares of the software maker’s stock worth $177,000 after purchasing an additional 1,032 shares during the period. Finally, Panagora Asset Management Inc. grew its position in Agilysys by 2.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 58,691 shares of the software maker’s stock valued at $1,260,000 after buying an additional 1,347 shares in the last quarter. Hedge funds and other institutional investors own 84.24% of the company’s stock.

AGYS opened at $25.27 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.38 and a quick ratio of 1.36. The stock’s fifty day moving average is $25.10 and its 200-day moving average is $24.78. Agilysys, Inc. has a one year low of $13.32 and a one year high of $29.29.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Thursday, October 24th. The software maker reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.01). The firm had revenue of $40.72 million for the quarter, compared to the consensus estimate of $38.17 million. Agilysys had a negative net margin of 7.99% and a negative return on equity of 12.04%. As a group, equities research analysts predict that Agilysys, Inc. will post -0.21 earnings per share for the current fiscal year.

Several equities analysts have commented on AGYS shares. Craig Hallum began coverage on shares of Agilysys in a research note on Tuesday, December 3rd. They set a “buy” rating and a $32.00 target price on the stock. Northland Securities reaffirmed a “buy” rating and issued a $32.00 price target on shares of Agilysys in a research note on Friday, October 25th. BidaskClub cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Friday, November 8th. National Securities initiated coverage on shares of Agilysys in a report on Wednesday, October 16th. They issued a “buy” rating for the company. Finally, Zacks Investment Research lowered shares of Agilysys from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $30.75.

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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Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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