Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Major Shareholder Sells 16,000 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) major shareholder Bermuda One Fund Llc sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $22.39, for a total value of $358,240.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% 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 Thursday, June 6th, Bermuda One Fund Llc sold 26,400 shares of Agilysys stock. The stock was sold at an average price of $21.64, for a total value of $571,296.00.
  • On Friday, May 31st, Bermuda One Fund Llc sold 5,400 shares of Agilysys stock. The stock was sold at an average price of $22.71, for a total value of $122,634.00.
  • On Monday, June 3rd, Bermuda One Fund Llc sold 19,500 shares of Agilysys stock. The stock was sold at an average price of $21.86, for a total value of $426,270.00.
  • On Wednesday, May 29th, Bermuda One Fund Llc sold 20,800 shares of Agilysys stock. The stock was sold at an average price of $22.52, for a total value of $468,416.00.
  • On Thursday, May 23rd, Bermuda One Fund Llc sold 33,200 shares of Agilysys stock. The stock was sold at an average price of $22.44, for a total value of $745,008.00.
  • On Friday, May 17th, Bermuda One Fund Llc sold 16,900 shares of Agilysys stock. The stock was sold at an average price of $21.10, for a total value of $356,590.00.
  • On Monday, May 20th, Bermuda One Fund Llc sold 32,800 shares of Agilysys stock. The stock was sold at an average price of $21.14, for a total transaction of $693,392.00.
  • On Wednesday, May 15th, Bermuda One Fund Llc sold 27,100 shares of Agilysys stock. The stock was sold at an average price of $19.88, for a total transaction of $538,748.00.
  • On Friday, May 10th, Bermuda One Fund Llc sold 16,400 shares of Agilysys stock. The stock was sold at an average price of $19.32, for a total transaction of $316,848.00.
  • On Tuesday, May 7th, Bermuda One Fund Llc sold 15,651 shares of Agilysys stock. The stock was sold at an average price of $19.33, for a total transaction of $302,533.83.

Shares of AGYS opened at $22.27 on Thursday. Agilysys, Inc. has a fifty-two week low of $13.32 and a fifty-two week high of $22.94. The stock has a market cap of $516.66 million, a PE ratio of -39.07 and a beta of 0.36.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Thursday, May 16th. The software maker reported ($0.16) earnings per share for the quarter, missing the 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 business had revenue of $36.62 million for the quarter, compared to analyst estimates of $36.80 million. During the same quarter last year, the company posted ($0.06) EPS. Research analysts expect that Agilysys, Inc. will post -0.56 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in AGYS. Vanguard Group Inc. lifted its position 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 during the period. William Blair Investment Management LLC lifted its position 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 during the period. Morgan Stanley lifted its position 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 during the period. Geode Capital Management LLC lifted its position in Agilysys by 36.5% in the first quarter. Geode Capital Management LLC now owns 271,547 shares of the software maker’s stock valued at $5,748,000 after purchasing an additional 72,653 shares during the period. Finally, Granite Investment Partners LLC acquired a new stake in Agilysys in the first quarter valued at about $1,258,000. Institutional investors and hedge funds own 77.65% of the company’s stock.

AGYS has been the subject of several recent research reports. BidaskClub downgraded shares of Agilysys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Maxim Group set a $25.00 target price on shares of Agilysys and gave the stock a “buy” rating in a research note on Friday, May 17th. Northland Securities initiated coverage on shares of Agilysys in a research note on Friday, March 29th. They set an “outperform” rating and a $26.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Agilysys from a “hold” rating to a “sell” rating in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Agilysys has an average rating of “Buy” and a consensus target price of $25.50.

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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: Special Dividends

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

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