Swiss National Bank Acquires Shares of 37,300 Agilysys, Inc. (NASDAQ:AGYS)

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.

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.

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Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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