BidaskClub downgraded shares of Agilysys (NASDAQ:AGYS) from a hold rating to a sell rating in a research report released on Friday morning.
Shares of AGYS opened at $12.04 on Friday. Agilysys has a one year low of $9.08 and a one year high of $13.00.
Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Thursday, January 25th. The software maker reported ($0.08) EPS for the quarter. Agilysys had a negative net margin of 10.66% and a negative return on equity of 12.12%. The firm had revenue of $31.31 million for the quarter.
A number of institutional investors and hedge funds have recently made changes to their positions in AGYS. William Blair Investment Management LLC increased its holdings in shares of Agilysys by 3.7% during the fourth quarter. William Blair Investment Management LLC now owns 388,518 shares of the software maker’s stock worth $4,771,000 after buying an additional 14,004 shares in the last quarter. Park West Asset Management LLC acquired a new position in shares of Agilysys during the fourth quarter worth $13,623,000. Millennium Management LLC increased its holdings in shares of Agilysys by 93.5% during the fourth quarter. Millennium Management LLC now owns 57,085 shares of the software maker’s stock worth $701,000 after buying an additional 27,585 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of Agilysys during the fourth quarter worth $20,020,000. Finally, Two Sigma Investments LP acquired a new position in shares of Agilysys during the fourth quarter worth $845,000. Institutional investors and hedge funds own 84.46% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Agilysys (AGYS) Downgraded by BidaskClub” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.dispatchtribunal.com/2018/04/16/agilysys-agys-downgraded-by-bidaskclub.html.
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, and Asia. It specializes in point-of-sale, property management, inventory and procurement, workforce management, and mobile and wireless solutions that are designed to streamline operations, enhance efficiency, increasing guest recruitment and wallet share, and enhance the overall guest experience.
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.