Agilysys, Inc. (AGYS) Position Increased by Martingale Asset Management L P

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Martingale Asset Management L P boosted its stake in Agilysys, Inc. (NASDAQ:AGYS) by 75.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,801 shares of the software maker’s stock after buying an additional 22,300 shares during the quarter. Martingale Asset Management L P owned approximately 0.22% of Agilysys worth $744,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its stake in Agilysys by 88.4% in the 4th quarter. Meeder Asset Management Inc. now owns 2,101 shares of the software maker’s stock valued at $31,000 after buying an additional 986 shares in the last quarter. LS Investment Advisors LLC acquired a new stake in Agilysys in the 4th quarter valued at $45,000. State of Alaska Department of Revenue boosted its stake in Agilysys by 18.5% in the 4th quarter. State of Alaska Department of Revenue now owns 5,889 shares of the software maker’s stock valued at $84,000 after buying an additional 918 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Agilysys in the 3rd quarter valued at $100,000. Finally, Oregon Public Employees Retirement Fund acquired a new stake in Agilysys in the 4th quarter valued at $96,000. 86.20% of the stock is currently owned by institutional investors and hedge funds.

Agilysys stock opened at $20.42 on Friday. Agilysys, Inc. has a 52 week low of $11.58 and a 52 week high of $21.38.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Thursday, January 24th. The software maker reported ($0.18) EPS for the quarter. The business had revenue of $36.01 million during the quarter. Agilysys had a negative return on equity of 9.12% and a negative net margin of 7.18%.

AGYS has been the topic of several recent analyst reports. BidaskClub lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Tuesday, December 4th. ValuEngine lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Friday, December 7th. Finally, Maxim Group set a $22.00 price target on Agilysys and gave the company a “buy” rating in a research note on Friday, January 25th.

In other Agilysys news, Director Keith M. Kolerus sold 5,000 shares of the business’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $19.88, for a total value of $99,400.00. Following the transaction, the director now owns 143,930 shares of the company’s stock, valued at $2,861,328.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Keith M. Kolerus sold 2,416 shares of the business’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $17.77, for a total value of $42,932.32. Following the completion of the transaction, the director now directly owns 143,930 shares in the company, valued at approximately $2,557,636.10. The disclosure for this sale can be found here. In the last three months, insiders sold 7,922 shares of company stock worth $151,607. Insiders own 26.80% of the company’s stock.

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About Agilysys

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.

See Also: Dow Jones Industrial Average (DJIA)

Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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