Agilysys, Inc. (NASDAQ:AGYS) reached a new 52-week high during trading on Monday . The company traded as high as $21.52 and last traded at $21.50, with a volume of 32385 shares trading hands. The stock had previously closed at $21.32.

A number of equities research analysts recently commented on AGYS shares. ValuEngine raised shares of Agilysys from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Maxim Group set a $25.00 target price on shares of Agilysys and gave the company a “buy” rating in a research report on Friday, May 17th. Northland Securities started coverage on shares of Agilysys in a research report on Friday, March 29th. They set an “outperform” rating and a $26.00 target price for the company. Finally, BidaskClub raised shares of Agilysys from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th.

The stock has a market cap of $515.42 million, a P/E ratio of -39.49 and a beta of 0.57.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Thursday, May 16th. The software maker reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.07). Agilysys had a negative net margin of 9.35% and a negative return on equity of 12.31%. The firm had revenue of $36.62 million for the quarter, compared to analysts’ expectations of $36.80 million. During the same period in the previous year, the company earned ($0.06) EPS. As a group, equities research analysts anticipate that Agilysys, Inc. will post -0.55 EPS for the current year.

In related news, major shareholder Bermuda One Fund Llc sold 16,900 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $21.10, for a total transaction of $356,590.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 260,951 shares of company stock valued at $5,201,663 in the last three months. 26.80% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of AGYS. Vanguard Group Inc increased its stake in Agilysys by 12.1% during the 3rd quarter. Vanguard Group Inc now owns 1,141,735 shares of the software maker’s stock valued at $18,610,000 after purchasing an additional 123,167 shares in the last quarter. Vanguard Group Inc. increased its stake in Agilysys by 12.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,141,735 shares of the software maker’s stock valued at $18,610,000 after purchasing an additional 123,167 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Agilysys during the 4th quarter valued at approximately $1,406,000. William Blair Investment Management LLC increased its stake in Agilysys by 8.7% during the 1st quarter. William Blair Investment Management LLC now owns 1,179,416 shares of the software maker’s stock valued at $24,968,000 after purchasing an additional 94,595 shares in the last quarter. Finally, Morgan Stanley increased its stake in Agilysys by 118.6% during the 3rd quarter. Morgan Stanley now owns 143,133 shares of the software maker’s stock valued at $2,333,000 after purchasing an additional 77,653 shares in the last quarter. 85.30% of the stock is owned by institutional investors.

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About Agilysys (NASDAQ:AGYS)

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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