Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Major Shareholder Sells 5,400 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) major shareholder Bermuda One Fund Llc sold 5,400 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $22.71, for a total transaction of $122,634.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own 10% or more 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, June 21st, Bermuda One Fund Llc sold 11,200 shares of Agilysys stock. The shares were sold at an average price of $22.20, for a total transaction of $248,640.00.
  • On Monday, June 24th, Bermuda One Fund Llc sold 21,700 shares of Agilysys stock. The shares were sold at an average price of $22.14, for a total transaction of $480,438.00.
  • On Monday, June 17th, Bermuda One Fund Llc sold 10,000 shares of Agilysys stock. The shares were sold at an average price of $22.70, for a total transaction of $227,000.00.
  • On Wednesday, June 19th, Bermuda One Fund Llc sold 29,200 shares of Agilysys stock. The shares were sold at an average price of $22.42, for a total transaction of $654,664.00.
  • On Friday, June 14th, Bermuda One Fund Llc sold 16,900 shares of Agilysys stock. The shares were sold at an average price of $22.46, for a total transaction of $379,574.00.
  • On Tuesday, June 11th, Bermuda One Fund Llc sold 16,000 shares of Agilysys stock. The shares were sold at an average price of $22.39, for a total transaction of $358,240.00.
  • On Thursday, June 6th, Bermuda One Fund Llc sold 26,400 shares of Agilysys stock. The shares were sold at an average price of $21.64, for a total transaction of $571,296.00.
  • On Monday, June 3rd, Bermuda One Fund Llc sold 19,500 shares of Agilysys stock. The shares were sold at an average price of $21.86, for a total transaction of $426,270.00.
  • On Wednesday, May 29th, Bermuda One Fund Llc sold 20,800 shares of Agilysys stock. The shares were sold at an average price of $22.52, for a total transaction of $468,416.00.
  • On Thursday, May 23rd, Bermuda One Fund Llc sold 33,200 shares of Agilysys stock. The shares were sold at an average price of $22.44, for a total transaction of $745,008.00.

AGYS stock opened at $21.09 on Wednesday. The stock’s 50 day moving average price is $21.63. Agilysys, Inc. has a fifty-two week low of $13.32 and a fifty-two week high of $22.98. The stock has a market capitalization of $504.91 million, a price-to-earnings ratio of -37.00 and a beta of 0.36.

Agilysys (NASDAQ:AGYS) last released its earnings results on Thursday, May 16th. The software maker reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.07). Agilysys had a negative return on equity of 12.49% and a negative net margin of 9.35%. The firm had revenue of $36.62 million for the quarter, compared to analysts’ expectations of $36.80 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. On average, equities analysts predict that Agilysys, Inc. will post -0.56 earnings per share for the current year.

Several analysts recently issued reports on the stock. BidaskClub lowered shares of Agilysys from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Zacks Investment Research lowered shares of Agilysys from a “hold” rating to a “sell” rating in a research note on Thursday, May 30th. Maxim Group boosted their price target on shares of Agilysys to $25.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Finally, Northland Securities assumed coverage on shares of Agilysys in a research note on Friday, March 29th. They set an “outperform” rating and a $26.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $25.50.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Agilysys by 12.1% in the third 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 in the last quarter. William Blair Investment Management LLC boosted its holdings in Agilysys by 8.7% in the first quarter. William Blair Investment Management LLC now owns 1,179,416 shares of the software maker’s stock valued at $24,968,000 after purchasing an additional 94,595 shares in the last quarter. Morgan Stanley boosted its holdings in Agilysys by 118.6% in the third quarter. Morgan Stanley now owns 143,133 shares of the software maker’s stock valued at $2,333,000 after purchasing an additional 77,653 shares in the last quarter. Granite Investment Partners LLC acquired a new position in Agilysys in the first quarter valued at approximately $1,258,000. Finally, ClariVest Asset Management LLC boosted its holdings in Agilysys by 19.4% in the fourth quarter. ClariVest Asset Management LLC now owns 360,775 shares of the software maker’s stock valued at $5,173,000 after purchasing an additional 58,720 shares in the last quarter. Hedge funds and other institutional investors own 77.65% of the company’s stock.

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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Insider Buying and Selling by Quarter for Agilysys (NASDAQ:AGYS)

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