Agilysys (NASDAQ:AGYS) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday, February 14th.
Shares of Agilysys (NASDAQ:AGYS) traded down $0.10 during trading hours on Wednesday, reaching $11.68. 28,965 shares of the company were exchanged, compared to its average volume of 38,806. The company has a market capitalization of $274.63, a PE ratio of -20.31 and a beta of 0.41. Agilysys has a fifty-two week low of $8.80 and a fifty-two week high of $13.00.
Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Thursday, January 25th. The software maker reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $31.31 million during the quarter. Agilysys had a negative net margin of 10.66% and a negative return on equity of 12.12%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. grew its stake in shares of Agilysys by 3.8% during the second quarter. Alliancebernstein L.P. now owns 10,950 shares of the software maker’s stock worth $111,000 after buying an additional 400 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Agilysys by 20.2% during the second quarter. Voya Investment Management LLC now owns 12,691 shares of the software maker’s stock worth $128,000 after buying an additional 2,132 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Agilysys during the third quarter worth $154,000. SG Americas Securities LLC bought a new stake in shares of Agilysys during the fourth quarter worth $167,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Agilysys during the third quarter worth $179,000. 90.00% of the stock is currently owned by hedge funds and other institutional investors.
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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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