Agilysys, Inc. (AGYS) Holdings Reduced by ACK Asset Management LLC
ACK Asset Management LLC lowered its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 7.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 554,000 shares of the software maker’s stock after selling 46,000 shares during the quarter. Agilysys accounts for about 2.5% of ACK Asset Management LLC’s holdings, making the stock its 14th biggest position. ACK Asset Management LLC owned about 2.35% of Agilysys worth $9,030,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. Arizona State Retirement System lifted its holdings in Agilysys by 14.5% in the third quarter. Arizona State Retirement System now owns 25,595 shares of the software maker’s stock valued at $417,000 after acquiring an additional 3,232 shares during the period. Prudential Financial Inc. lifted its holdings in Agilysys by 16.3% in the third quarter. Prudential Financial Inc. now owns 29,179 shares of the software maker’s stock valued at $476,000 after acquiring an additional 4,100 shares during the period. Northern Trust Corp lifted its holdings in Agilysys by 2.2% in the second quarter. Northern Trust Corp now owns 215,744 shares of the software maker’s stock valued at $3,344,000 after acquiring an additional 4,645 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of Agilysys during the 3rd quarter worth $100,000. Finally, SG Americas Securities LLC acquired a new position in shares of Agilysys during the 2nd quarter worth $122,000. 91.67% of the stock is owned by institutional investors.
Several research analysts have recently issued reports on the company. Maxim Group set a $22.00 price target on Agilysys and gave the stock a “buy” rating in a research note on Friday, October 26th. BidaskClub downgraded Agilysys from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 30th.
Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Thursday, October 25th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.02. The business had revenue of $34.20 million during the quarter, compared to the consensus estimate of $33.51 million. Agilysys had a negative return on equity of 7.08% and a negative net margin of 5.83%. Research analysts forecast that Agilysys, Inc. will post -0.26 earnings per share for the current fiscal year.
In other news, Director Keith M. Kolerus sold 5,934 shares of Agilysys stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $15.67, for a total transaction of $92,985.78. Following the completion of the transaction, the director now owns 152,819 shares of the company’s stock, valued at approximately $2,394,673.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Keith M. Kolerus sold 14,317 shares of Agilysys stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $15.69, for a total value of $224,633.73. Following the transaction, the director now directly owns 152,819 shares of the company’s stock, valued at approximately $2,397,730.11. The disclosure for this sale can be found here. Insiders have sold a total of 23,944 shares of company stock valued at $375,710 in the last ninety days. Corporate insiders own 26.80% of the company’s stock.
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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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