MetLife Investment Advisors LLC Invests $104,000 in Agilysys, Inc. (AGYS) Stock

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.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The correct version of this news story can be read at https://transcriptdaily.com/2019/04/29/metlife-investment-advisors-llc-invests-104000-in-agilysys-inc-agys-stock.html.

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.

Further Reading: Backdoor Roth IRA Conversion and Strategy

Want to see what other hedge funds are holding AGYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agilysys, Inc. (NASDAQ:AGYS).

Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

Receive News & Ratings for Agilysys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agilysys and related companies with MarketBeat.com's FREE daily email newsletter.