Millennium Management LLC raised its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 146.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,337 shares of the software maker’s stock after purchasing an additional 43,543 shares during the quarter. Millennium Management LLC owned approximately 0.31% of Agilysys worth $1,137,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Royce & Associates LP lifted its holdings in shares of Agilysys by 108.0% in the second quarter. Royce & Associates LP now owns 354,887 shares of the software maker’s stock worth $5,501,000 after buying an additional 184,300 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Agilysys by 7.1% in the second quarter. BlackRock Inc. now owns 2,253,668 shares of the software maker’s stock worth $34,932,000 after buying an additional 149,689 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Agilysys by 28.7% in the second quarter. Renaissance Technologies LLC now owns 413,652 shares of the software maker’s stock worth $6,412,000 after buying an additional 92,152 shares in the last quarter. EAM Investors LLC purchased a new stake in shares of Agilysys in the second quarter worth about $791,000. Finally, Algert Global LLC lifted its holdings in shares of Agilysys by 124.1% in the second quarter. Algert Global LLC now owns 79,736 shares of the software maker’s stock worth $1,236,000 after buying an additional 44,158 shares in the last quarter. 86.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of Agilysys stock opened at $16.31 on Friday. Agilysys, Inc. has a 12-month low of $10.77 and a 12-month high of $16.87.
Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Thursday, October 25th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Agilysys had a negative net margin of 5.83% and a negative return on equity of 7.08%. The firm had revenue of $34.20 million for the quarter, compared to the consensus estimate of $33.51 million. As a group, research analysts expect that Agilysys, Inc. will post -0.26 EPS for the current year.
A number of equities research analysts have recently issued reports on AGYS shares. Maxim Group reissued a “buy” rating and issued a $22.00 price target on shares of Agilysys in a report on Monday, September 17th. BidaskClub raised shares of Agilysys from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 15th.
In related news, CEO Ramesh Srinivasan acquired 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were bought at an average cost of $15.39 per share, for a total transaction of $538,650.00. Following the completion of the transaction, the chief executive officer now owns 94,462 shares in the company, valued at $1,453,770.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith M. Kolerus sold 14,317 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $15.69, for a total transaction of $224,633.73. Following the completion of the transaction, the director now owns 152,819 shares in the company, valued at $2,397,730.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,944 shares of company stock worth $375,710. Insiders own 26.80% of the company’s stock.
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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