Agilysys, Inc. (NASDAQ:AGYS) Director Keith M. Kolerus sold 5,934 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $15.67, for a total value of $92,985.78. Following the transaction, the director now owns 152,819 shares of the company’s stock, valued at approximately $2,394,673.73. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of AGYS stock traded down $0.10 on Monday, hitting $16.23. 72,000 shares of the stock were exchanged, compared to its average volume of 64,716. The company has a market capitalization of $366.06 million, a price-to-earnings ratio of -43.86 and a beta of 0.32. Agilysys, Inc. has a one year low of $10.42 and a one year high of $16.87.
Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Wednesday, August 1st. The software maker reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.08. The company had revenue of $34.01 million during the quarter, compared to the consensus estimate of $34.58 million. Agilysys had a negative return on equity of 6.54% and a negative net margin of 5.59%. analysts predict that Agilysys, Inc. will post -0.26 EPS for the current fiscal year.
Several research firms have recently weighed in on AGYS. Maxim Group set a $22.00 price target on Agilysys and gave the stock a “buy” rating in a research note on Monday. BidaskClub upgraded Agilysys from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 11th.
Several hedge funds have recently bought and sold shares of the company. Millennium Management LLC grew its stake in shares of Agilysys by 146.1% during the 2nd quarter. Millennium Management LLC now owns 73,337 shares of the software maker’s stock worth $1,137,000 after acquiring an additional 43,543 shares during the period. Alambic Investment Management L.P. bought a new position in shares of Agilysys during the 2nd quarter worth $190,000. Renaissance Technologies LLC grew its stake in shares of Agilysys by 28.7% during the 2nd quarter. Renaissance Technologies LLC now owns 413,652 shares of the software maker’s stock worth $6,412,000 after acquiring an additional 92,152 shares during the period. BlackRock Inc. grew its stake in shares of Agilysys by 7.1% during the 2nd quarter. BlackRock Inc. now owns 2,253,668 shares of the software maker’s stock worth $34,932,000 after acquiring an additional 149,689 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Agilysys by 108.0% during the 2nd quarter. Royce & Associates LP now owns 354,887 shares of the software maker’s stock worth $5,501,000 after acquiring an additional 184,300 shares during the period. Institutional investors own 86.25% of the company’s stock.
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.
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