Agilysys, Inc. (NASDAQ:AGYS) major shareholder Bermuda One Fund Llc sold 16,100 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.74, for a total value of $333,914.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Bermuda One Fund Llc also recently made the following trade(s):

  • On Tuesday, March 26th, Bermuda One Fund Llc sold 4,000 shares of Agilysys stock. The stock was sold at an average price of $20.78, for a total value of $83,120.00.

Shares of AGYS traded up $0.08 during midday trading on Thursday, reaching $20.75. 98,700 shares of the stock were exchanged, compared to its average volume of 96,505. Agilysys, Inc. has a 12-month low of $11.58 and a 12-month high of $21.38.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Thursday, January 24th. The software maker reported ($0.18) earnings per share for the quarter. Agilysys had a negative return on equity of 9.12% and a negative net margin of 7.18%. The firm had revenue of $36.01 million for the quarter.

A number of equities research analysts have recently weighed in on AGYS shares. ValuEngine raised Agilysys from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. BidaskClub downgraded Agilysys from a “hold” rating to a “sell” rating in a research note on Saturday, January 12th. Finally, Maxim Group set a $22.00 price target on Agilysys and gave the stock a “buy” rating in a research note on Friday, January 25th.

Several hedge funds have recently modified their holdings of AGYS. Geode Capital Management LLC raised its position in Agilysys by 7.9% in the 4th quarter. Geode Capital Management LLC now owns 198,894 shares of the software maker’s stock valued at $2,851,000 after purchasing an additional 14,530 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Agilysys by 14.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 12,412 shares of the software maker’s stock worth $178,000 after acquiring an additional 1,600 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Agilysys by 23.4% during the fourth quarter. Segall Bryant & Hamill LLC now owns 59,017 shares of the software maker’s stock worth $846,000 after acquiring an additional 11,197 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Agilysys during the fourth quarter worth $72,000. Finally, Metropolitan Life Insurance Co. NY bought a new stake in shares of Agilysys during the fourth quarter worth $76,000. 86.20% of the stock is currently owned by institutional investors and hedge funds.

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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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