Agilysys (AGYS) Hits New 52-Week High and Low Following Better-Than-Expected Earnings

Agilysys, Inc. (NASDAQ:AGYS) shares hit a new 52-week high and low on Friday following a better than expected earnings announcement. The stock traded as low as $13.56 and last traded at $13.50, with a volume of 4088 shares traded. The stock had previously closed at $13.00.

The software maker reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.09. The company had revenue of $32.06 million during the quarter. Agilysys had a negative return on equity of 12.12% and a negative net margin of 10.66%. During the same period last year, the business posted ($0.23) earnings per share.

Separately, BidaskClub raised Agilysys from a “sell” rating to a “hold” rating in a research note on Wednesday, April 4th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGYS. SG Americas Securities LLC acquired a new stake in shares of Agilysys in the 4th quarter valued at $167,000. Spark Investment Management LLC grew its stake in shares of Agilysys by 43.6% during the first quarter. Spark Investment Management LLC now owns 15,800 shares of the software maker’s stock worth $188,000 after purchasing an additional 4,800 shares during the period. Balter Liquid Alternatives LLC grew its stake in shares of Agilysys by 221.3% during the first quarter. Balter Liquid Alternatives LLC now owns 17,437 shares of the software maker’s stock worth $208,000 after purchasing an additional 12,010 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Agilysys by 296.1% during the first quarter. JPMorgan Chase & Co. now owns 17,876 shares of the software maker’s stock worth $214,000 after purchasing an additional 13,363 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Agilysys by 67.6% during the fourth quarter. Wells Fargo & Company MN now owns 23,729 shares of the software maker’s stock worth $291,000 after purchasing an additional 9,572 shares during the period. 85.35% of the stock is owned by institutional investors.

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, 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.

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