Insider Selling: Agilysys, Inc. (AGYS) Major Shareholder Sells 3,500 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) major shareholder Bermuda One Fund Llc sold 3,500 shares of the firm’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 transaction 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 transaction of $333,914.00.

Shares of AGYS stock traded down $0.24 during trading hours on Monday, hitting $19.96. 45,177 shares of the company’s stock traded hands, compared to its average volume of 82,442. Agilysys, Inc. has a 12-month low of $11.60 and a 12-month high of $21.38. The firm has a market capitalization of $469.66 million, a price-to-earnings ratio of -53.95 and a beta of 0.64.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 6 Meridian purchased a new position in Agilysys in the 1st quarter worth approximately $979,000. Geode Capital Management LLC raised its holdings in Agilysys by 7.9% in the 4th quarter. Geode Capital Management LLC now owns 198,894 shares of the software maker’s stock worth $2,851,000 after acquiring an additional 14,530 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Agilysys by 14.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 12,412 shares of the software maker’s stock worth $178,000 after acquiring an additional 1,600 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in Agilysys by 23.4% in the 4th quarter. Segall Bryant & Hamill LLC now owns 59,017 shares of the software maker’s stock worth $846,000 after acquiring an additional 11,197 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Agilysys in the 4th quarter worth approximately $72,000. Institutional investors own 86.20% of the company’s stock.

Several equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Agilysys from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Northland Securities assumed coverage on shares of Agilysys in a report on Friday, March 29th. They set an “outperform” rating and a $26.00 target price for the company. Maxim Group lifted their target price on shares of Agilysys to $25.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Finally, ValuEngine upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a report 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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