Agilysys, Inc. (NASDAQ:AGYS) Major Shareholder Bermuda One Fund Llc Sells 11,200 Shares

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Agilysys, Inc. (NASDAQ:AGYS) major shareholder Bermuda One Fund Llc sold 11,200 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $22.20, for a total value of $248,640.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Bermuda One Fund Llc also recently made the following trade(s):

  • On Monday, June 24th, Bermuda One Fund Llc sold 21,700 shares of Agilysys stock. The stock was sold at an average price of $22.14, for a total value of $480,438.00.
  • On Monday, June 17th, Bermuda One Fund Llc sold 10,000 shares of Agilysys stock. The stock was sold at an average price of $22.70, for a total value of $227,000.00.
  • On Wednesday, June 19th, Bermuda One Fund Llc sold 29,200 shares of Agilysys stock. The stock was sold at an average price of $22.42, for a total value of $654,664.00.
  • On Friday, June 14th, Bermuda One Fund Llc sold 16,900 shares of Agilysys stock. The stock was sold at an average price of $22.46, for a total value of $379,574.00.
  • On Tuesday, June 11th, Bermuda One Fund Llc sold 16,000 shares of Agilysys stock. The stock was sold at an average price of $22.39, for a total value of $358,240.00.
  • On Thursday, June 6th, Bermuda One Fund Llc sold 26,400 shares of Agilysys stock. The stock was sold at an average price of $21.64, for a total value of $571,296.00.
  • On Friday, May 31st, Bermuda One Fund Llc sold 5,400 shares of Agilysys stock. The stock was sold at an average price of $22.71, for a total value of $122,634.00.
  • On Monday, June 3rd, Bermuda One Fund Llc sold 19,500 shares of Agilysys stock. The stock was sold at an average price of $21.86, for a total value of $426,270.00.
  • On Wednesday, May 29th, Bermuda One Fund Llc sold 20,800 shares of Agilysys stock. The shares were sold at an average price of $22.52, for a total value of $468,416.00.
  • On Thursday, May 23rd, Bermuda One Fund Llc sold 33,200 shares of Agilysys stock. The shares were sold at an average price of $22.44, for a total value of $745,008.00.

Shares of AGYS stock opened at $21.20 on Thursday. The firm has a fifty day simple moving average of $21.67. The firm has a market cap of $495.51 million, a P/E ratio of -37.19 and a beta of 0.36. Agilysys, Inc. has a fifty-two week low of $13.32 and a fifty-two week high of $22.98.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Thursday, May 16th. The software maker reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.07). The business had revenue of $36.62 million during the quarter, compared to analyst estimates of $36.80 million. Agilysys had a negative net margin of 9.35% and a negative return on equity of 12.49%. During the same period in the prior year, the business posted ($0.06) EPS. Equities analysts expect that Agilysys, Inc. will post -0.34 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Agilysys from a “hold” rating to a “sell” rating in a report on Thursday, May 30th. BidaskClub raised Agilysys from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Northland Securities assumed coverage on Agilysys in a report on Friday, March 29th. They issued an “outperform” rating and a $26.00 target price on the stock. Finally, Maxim Group set a $25.00 target price on Agilysys and gave the company a “buy” rating in a report on Friday, May 17th. Five investment analysts have rated the stock with a buy rating, Agilysys has a consensus rating of “Buy” and a consensus price target of $25.00.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley increased its stake in Agilysys by 118.6% in the 3rd quarter. Morgan Stanley now owns 143,133 shares of the software maker’s stock worth $2,333,000 after purchasing an additional 77,653 shares in the last quarter. Arizona State Retirement System increased its stake in Agilysys by 6.2% in the 4th quarter. Arizona State Retirement System now owns 27,175 shares of the software maker’s stock worth $390,000 after purchasing an additional 1,580 shares in the last quarter. Rhumbline Advisers increased its stake in Agilysys by 23.5% in the 4th quarter. Rhumbline Advisers now owns 49,593 shares of the software maker’s stock worth $711,000 after purchasing an additional 9,436 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in Agilysys in the 4th quarter worth about $96,000. Finally, Prudential Financial Inc. increased its stake in Agilysys by 5.4% in the 4th quarter. Prudential Financial Inc. now owns 30,764 shares of the software maker’s stock worth $441,000 after purchasing an additional 1,585 shares in the last quarter. Institutional investors own 77.65% 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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Insider Buying and Selling by Quarter for Agilysys (NASDAQ:AGYS)

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