Wells Fargo & Company MN increased its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,100 shares of the software maker’s stock after acquiring an additional 12 shares during the quarter. Wells Fargo & Company MN owned about 0.06% of Agilysys worth $132,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Lapides Asset Management LLC grew its position in Agilysys by 11.0% during the 2nd quarter. Lapides Asset Management LLC now owns 1,114,700 shares of the software maker’s stock worth $11,281,000 after purchasing an additional 110,500 shares during the last quarter. SG Americas Securities LLC purchased a new position in Agilysys during the 2nd quarter worth $203,000. Spark Investment Management LLC purchased a new position in Agilysys during the 2nd quarter worth $175,000. Great West Life Assurance Co. Can grew its position in Agilysys by 28.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 22,497 shares of the software maker’s stock worth $227,000 after purchasing an additional 5,010 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Agilysys by 9.8% during the 2nd quarter. Legal & General Group Plc now owns 25,186 shares of the software maker’s stock worth $255,000 after purchasing an additional 2,253 shares during the last quarter. Hedge funds and other institutional investors own 84.89% of the company’s stock.
Separately, TheStreet raised shares of Agilysys from a “d+” rating to a “c-” rating in a research report on Monday, August 14th.
Agilysys, Inc. (AGYS) opened at $12.12 on Monday. Agilysys, Inc. has a 52-week low of $8.60 and a 52-week high of $12.94.
Agilysys (NASDAQ:AGYS) last issued its earnings results on Wednesday, November 1st. The software maker reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.01). The firm had revenue of $30.13 million during the quarter. Agilysys had a negative net margin of 10.33% and a negative return on equity of 11.69%. During the same quarter last year, the firm posted ($0.11) earnings per share.
In other news, Director Keith M. Kolerus bought 9,934 shares of the stock in a transaction dated Friday, September 15th. The shares were acquired at an average price of $10.57 per share, with a total value of $105,002.38. Following the completion of the acquisition, the director now directly owns 145,245 shares in the company, valued at $1,535,239.65. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ramesh Srinivasan bought 50,000 shares of the stock in a transaction dated Friday, November 10th. The stock was purchased at an average cost of $11.77 per share, for a total transaction of $588,500.00. Following the acquisition, the chief executive officer now owns 35,000 shares of the company’s stock, valued at $411,950. The disclosure for this purchase can be found here. 34.70% of the stock is owned by insiders.
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Agilysys, Inc is a technology company. The Company provides software for point-of-sale (POS), property management, inventory and procurement, workforce management, analytics, document management, and mobile and wireless solutions and services to the hospitality industry. The Company serves four market sectors: gaming, both corporate and tribal; hotels, resorts and cruise; foodservice management, and restaurants, universities, stadia and healthcare.
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