MetLife Investment Advisors LLC acquired a new stake in Agilysys, Inc. (NASDAQ:AGYS) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,276 shares of the software maker’s stock, valued at approximately $104,000.
Other large investors have also recently bought and sold shares of the company. Bank of America Corp DE raised its position in Agilysys by 24.6% in the 4th quarter. Bank of America Corp DE now owns 18,022 shares of the software maker’s stock worth $259,000 after purchasing an additional 3,561 shares during the period. Principal Financial Group Inc. raised its position in Agilysys by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 143,261 shares of the software maker’s stock worth $2,054,000 after purchasing an additional 800 shares during the period. Stone Ridge Asset Management LLC raised its position in Agilysys by 3.5% in the 4th quarter. Stone Ridge Asset Management LLC now owns 34,701 shares of the software maker’s stock worth $498,000 after purchasing an additional 1,179 shares during the period. Geode Capital Management LLC raised its position 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 purchasing an additional 14,530 shares during the period. Finally, PEAK6 Investments LLC purchased a new position in Agilysys in the 4th quarter worth $205,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.
In other Agilysys news, major shareholder Bermuda One Fund Llc sold 16,100 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $20.74, for a total value of $333,914.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ramesh Srinivasan acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, February 6th. The stock was purchased at an average price of $18.40 per share, for a total transaction of $368,000.00. Following the transaction, the chief executive officer now directly owns 118,601 shares of the company’s stock, valued at approximately $2,182,258.40. The disclosure for this purchase can be found here. Insiders sold 122,722 shares of company stock worth $2,439,176 in the last 90 days. Corporate insiders own 26.80% of the company’s stock.
A number of equities analysts recently commented on the stock. BidaskClub cut shares of Agilysys from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. Northland Securities initiated coverage on shares of Agilysys in a research report on Friday, March 29th. They issued an “outperform” rating and a $26.00 price objective on the stock. Maxim Group boosted their price objective on shares of Agilysys to $25.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Finally, ValuEngine upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research report on Monday, February 4th.
AGYS stock opened at $18.92 on Monday. Agilysys, Inc. has a 12-month low of $11.60 and a 12-month high of $21.38. The stock has a market capitalization of $445.28 million, a price-to-earnings ratio of -51.14 and a beta of 0.64.
Agilysys (NASDAQ:AGYS) last released its quarterly earnings data 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 firm had revenue of $36.01 million during the quarter. As a group, equities research analysts expect that Agilysys, Inc. will post -0.63 EPS for the current fiscal year.
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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