Dimensional Fund Advisors LP cut its holdings in shares of Agilysys, Inc. (NASDAQ:AGYS) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,772,134 shares of the software maker’s stock after selling 3,818 shares during the quarter. Dimensional Fund Advisors LP owned 0.08% of Agilysys worth $25,413,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in AGYS. Meeder Asset Management Inc. boosted its position in shares of Agilysys by 88.4% during the 4th quarter. Meeder Asset Management Inc. now owns 2,101 shares of the software maker’s stock worth $31,000 after acquiring an additional 986 shares in the last quarter. LS Investment Advisors LLC acquired a new stake in shares of Agilysys during the 4th quarter worth approximately $45,000. State of Alaska Department of Revenue boosted its position in shares of Agilysys by 18.5% during the 4th quarter. State of Alaska Department of Revenue now owns 5,889 shares of the software maker’s stock worth $84,000 after acquiring an additional 918 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of Agilysys during the 4th quarter worth approximately $96,000. Finally, Nordea Investment Management AB acquired a new stake in Agilysys in the third quarter valued at approximately $293,000. 86.20% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on AGYS shares. BidaskClub lowered shares of Agilysys from a “hold” rating to a “sell” rating in a research report on Saturday, January 12th. Maxim Group set a $22.00 target price on shares of Agilysys and gave the company a “buy” rating in a research report on Friday, January 25th. ValuEngine upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Northland Securities started coverage on shares of Agilysys in a research report on Friday, March 29th. They issued an “outperform” rating and a $26.00 target price on the stock.
Shares of Agilysys stock opened at $20.20 on Friday. Agilysys, Inc. has a fifty-two week low of $11.60 and a fifty-two week high of $21.38.
Agilysys (NASDAQ:AGYS) last issued its earnings results on Thursday, January 24th. The software maker reported ($0.18) earnings per share for the quarter. Agilysys had a negative net margin of 7.18% and a negative return on equity of 9.12%. The company had revenue of $36.01 million during the quarter. On average, sell-side analysts expect that Agilysys, Inc. will post -0.63 EPS for the current year.
In other news, major shareholder Bermuda One Fund Llc sold 16,100 shares of Agilysys stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.74, for a total transaction of $333,914.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ramesh Srinivasan purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, February 6th. The shares were acquired at an average price of $18.40 per share, for a total transaction of $368,000.00. Following the acquisition, the chief executive officer now owns 118,601 shares of the company’s stock, valued at approximately $2,182,258.40. The disclosure for this purchase can be found here. Insiders sold 79,422 shares of company stock worth $1,605,887 in the last 90 days. Company insiders own 26.80% of the company’s stock.
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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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