Swiss National Bank acquired a new stake in Agilysys, Inc. (NASDAQ:AGYS) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 37,300 shares of the software maker’s stock, valued at approximately $801,000.
Other large investors have also recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new stake in Agilysys in the 1st quarter valued at about $28,000. Aperio Group LLC purchased a new stake in Agilysys in the 2nd quarter valued at about $59,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Agilysys in the 2nd quarter valued at about $65,000. BNP Paribas Arbitrage SA increased its stake in Agilysys by 1,508.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,232 shares of the software maker’s stock valued at $68,000 after buying an additional 3,031 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Agilysys in the 1st quarter valued at about $168,000. Hedge funds and other institutional investors own 79.54% of the company’s stock.
Several equities research analysts have commented on the stock. Maxim Group set a $28.00 price objective on shares of Agilysys and gave the company a “buy” rating in a research note on Friday, July 26th. Zacks Investment Research upgraded shares of Agilysys from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Thursday, August 22nd. ValuEngine downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, BidaskClub downgraded shares of Agilysys from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $28.33.
In related news, major shareholder Bermuda One Fund Llc sold 74,200 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $21.48, for a total value of $1,593,816.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jebaseelan Kingsley acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average cost of $25.59 per share, with a total value of $51,180.00. Following the completion of the acquisition, the vice president now owns 11,630 shares in the company, valued at approximately $297,611.70. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 23,000 shares of company stock valued at $572,970 and have sold 187,100 shares valued at $4,092,457. 16.00% of the stock is owned by corporate insiders.
Shares of Agilysys stock traded up $0.48 on Friday, reaching $26.89. 460 shares of the company traded hands, compared to its average volume of 132,416. Agilysys, Inc. has a 52 week low of $13.32 and a 52 week high of $28.17. The company has a 50 day moving average of $26.18 and a 200 day moving average of $22.35. The firm has a market capitalization of $597.57 million, a PE ratio of -47.23 and a beta of 0.31. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.34.
Agilysys (NASDAQ:AGYS) last released its earnings results on Thursday, July 25th. The software maker reported ($0.07) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.02. Agilysys had a negative net margin of 8.95% and a negative return on equity of 12.64%. The firm had revenue of $38.39 million during the quarter, compared to the consensus estimate of $37.92 million. As a group, analysts anticipate that Agilysys, Inc. will post -0.15 earnings per share for the current year.
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.
Want to see what other hedge funds are holding AGYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agilysys, Inc. (NASDAQ:AGYS).
Receive News & Ratings for Agilysys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agilysys and related companies with MarketBeat.com's FREE daily email newsletter.