Agilysys (NASDAQ:AGYS) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Several other equities analysts have also recently commented on AGYS. BidaskClub raised Agilysys from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 15th. Maxim Group reaffirmed a “buy” rating and issued a $22.00 price target on shares of Agilysys in a report on Monday, September 17th.

Agilysys stock traded down $0.16 during trading hours on Friday, hitting $15.59. The stock had a trading volume of 46,147 shares, compared to its average volume of 65,152. The stock has a market cap of $373.39 million, a price-to-earnings ratio of -42.14 and a beta of 0.26. Agilysys has a fifty-two week low of $10.77 and a fifty-two week high of $17.52.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Thursday, October 25th. The software maker reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. The firm had revenue of $34.20 million during the quarter, compared to analysts’ expectations of $33.51 million. Agilysys had a negative return on equity of 7.08% and a negative net margin of 5.83%. As a group, sell-side analysts expect that Agilysys will post -0.26 earnings per share for the current year.

In other news, Director Keith M. Kolerus sold 14,317 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 152,819 shares in the company, valued at approximately $2,397,730.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Keith M. Kolerus sold 5,934 shares of the company’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $15.67, for a total value of $92,985.78. Following the completion of the sale, the director now owns 152,819 shares in the company, valued at $2,394,673.73. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,944 shares of company stock valued at $375,710. Insiders own 26.80% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in AGYS. William Blair Investment Management LLC grew its stake in shares of Agilysys by 75.7% in the 3rd quarter. William Blair Investment Management LLC now owns 1,018,829 shares of the software maker’s stock valued at $16,607,000 after purchasing an additional 438,842 shares during the period. ClariVest Asset Management LLC bought a new stake in shares of Agilysys in the 3rd quarter valued at approximately $4,924,000. BlackRock Inc. grew its stake in shares of Agilysys by 12.7% in the 3rd quarter. BlackRock Inc. now owns 2,539,194 shares of the software maker’s stock valued at $41,389,000 after purchasing an additional 285,526 shares during the period. Royce & Associates LP grew its stake in shares of Agilysys by 108.0% in the 2nd quarter. Royce & Associates LP now owns 354,887 shares of the software maker’s stock valued at $5,501,000 after purchasing an additional 184,300 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Agilysys by 35.4% in the 3rd quarter. Renaissance Technologies LLC now owns 560,052 shares of the software maker’s stock valued at $9,129,000 after purchasing an additional 146,400 shares during the period. Institutional investors own 86.52% of the company’s stock.

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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