First Quadrant L P CA bought a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,362 shares of the software maker’s stock, valued at approximately $240,000. First Quadrant L P CA owned 0.06% of Agilysys at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in AGYS. Nine Ten Capital Management LLC raised its stake in shares of Agilysys by 570.3% during the 1st quarter. Nine Ten Capital Management LLC now owns 591,108 shares of the software maker’s stock worth $9,872,000 after buying an additional 502,917 shares during the period. Thrivent Financial for Lutherans raised its stake in Agilysys by 2,117.4% in the 1st quarter. Thrivent Financial for Lutherans now owns 359,238 shares of the software maker’s stock valued at $6,000,000 after purchasing an additional 343,037 shares during the last quarter. Invesco Ltd. raised its stake in Agilysys by 196.0% in the 1st quarter. Invesco Ltd. now owns 457,405 shares of the software maker’s stock valued at $7,638,000 after purchasing an additional 302,893 shares during the last quarter. Castleark Management LLC acquired a new position in Agilysys in the 1st quarter valued at $2,703,000. Finally, Silvercrest Asset Management Group LLC raised its stake in Agilysys by 54.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 399,228 shares of the software maker’s stock valued at $6,667,000 after purchasing an additional 140,799 shares during the last quarter. 94.36% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on AGYS shares. BTIG Research started coverage on Agilysys in a research note on Thursday, April 16th. They issued a “neutral” rating for the company. BidaskClub raised Agilysys from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 22nd. Zacks Investment Research raised Agilysys from a “sell” rating to a “hold” rating in a research note on Tuesday, June 16th. Northland Securities started coverage on Agilysys in a research note on Friday, May 22nd. They issued a “buy” rating and a $22.00 price objective for the company. Finally, TheStreet downgraded Agilysys from a “c-” rating to a “d” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $25.80.
Shares of AGYS opened at $20.96 on Friday. Agilysys, Inc. has a 52-week low of $12.61 and a 52-week high of $37.17. The stock has a fifty day simple moving average of $18.44 and a two-hundred day simple moving average of $22.29. The company has a quick ratio of 1.29, a current ratio of 2.09 and a debt-to-equity ratio of 0.14.
Agilysys (NASDAQ:AGYS) last issued its earnings results on Tuesday, July 28th. The software maker reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.28. Agilysys had a negative return on equity of 39.02% and a negative net margin of 21.69%. The business had revenue of $29.81 million during the quarter, compared to the consensus estimate of $26.20 million. As a group, research analysts predict that Agilysys, Inc. will post -0.49 EPS for the current fiscal year.
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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