Agilysys, Inc. (NASDAQ:AGYS) major shareholder Bermuda One Fund Llc sold 5,400 shares of Agilysys stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $22.71, for a total transaction of $122,634.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Monday, June 3rd, Bermuda One Fund Llc sold 19,500 shares of Agilysys stock. The stock was sold at an average price of $21.86, for a total transaction of $426,270.00.
  • On Wednesday, May 29th, Bermuda One Fund Llc sold 20,800 shares of Agilysys stock. The stock was sold at an average price of $22.52, for a total transaction of $468,416.00.
  • On Thursday, May 23rd, Bermuda One Fund Llc sold 33,200 shares of Agilysys stock. The stock was sold at an average price of $22.44, for a total transaction of $745,008.00.
  • On Friday, May 17th, Bermuda One Fund Llc sold 16,900 shares of Agilysys stock. The stock was sold at an average price of $21.10, for a total transaction of $356,590.00.
  • On Monday, May 20th, Bermuda One Fund Llc sold 32,800 shares of Agilysys stock. The stock was sold at an average price of $21.14, for a total transaction of $693,392.00.
  • On Wednesday, May 15th, Bermuda One Fund Llc sold 27,100 shares of Agilysys stock. The stock was sold at an average price of $19.88, for a total transaction of $538,748.00.
  • On Friday, May 10th, Bermuda One Fund Llc sold 16,400 shares of Agilysys stock. The stock was sold at an average price of $19.32, for a total transaction of $316,848.00.
  • On Tuesday, May 7th, Bermuda One Fund Llc sold 15,651 shares of Agilysys stock. The stock was sold at an average price of $19.33, for a total transaction of $302,533.83.
  • On Thursday, May 2nd, Bermuda One Fund Llc sold 22,400 shares of Agilysys stock. The stock was sold at an average price of $18.92, for a total transaction of $423,808.00.
  • On Friday, April 26th, Bermuda One Fund Llc sold 3,200 shares of Agilysys stock. The stock was sold at an average price of $18.93, for a total transaction of $60,576.00.

Agilysys stock traded down $0.75 during trading on Monday, reaching $21.05. The company had a trading volume of 89,293 shares, compared to its average volume of 90,504. Agilysys, Inc. has a 12-month low of $13.32 and a 12-month high of $22.94. The company has a market cap of $512.19 million, a price-to-earnings ratio of -36.93 and a beta of 0.35.

Agilysys (NASDAQ:AGYS) last released its earnings results on Thursday, May 16th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). Agilysys had a negative net margin of 9.35% and a negative return on equity of 12.49%. The company had revenue of $36.62 million during the quarter, compared to analysts’ expectations of $36.80 million. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. As a group, analysts anticipate that Agilysys, Inc. will post -0.56 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC purchased a new stake in Agilysys in the first quarter valued at approximately $28,000. Federated Investors Inc. PA purchased a new stake in Agilysys in the first quarter valued at approximately $37,000. LS Investment Advisors LLC purchased a new stake in Agilysys in the fourth quarter valued at approximately $45,000. BNP Paribas Arbitrage SA grew its stake in Agilysys by 1,508.0% during the first quarter. BNP Paribas Arbitrage SA now owns 3,232 shares of the software maker’s stock worth $68,000 after buying an additional 3,031 shares during the period. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in Agilysys during the fourth quarter worth approximately $72,000. Hedge funds and other institutional investors own 77.65% of the company’s stock.

AGYS has been the subject of a number of recent research reports. ValuEngine upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a report on Monday, February 4th. BidaskClub upgraded shares of Agilysys from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Maxim Group lifted their price target on shares of Agilysys to $25.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Northland Securities assumed coverage on shares of Agilysys in a report on Friday, March 29th. They issued an “outperform” rating and a $26.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Agilysys from a “hold” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.50.

TRADEMARK VIOLATION NOTICE: This article was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.watchlistnews.com/bermuda-one-fund-llc-sells-5400-shares-of-agilysys-inc-agys-stock/3030541.html.

Agilysys Company Profile

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.

Read More: What is a Derivative?

Insider Buying and Selling by Quarter for Agilysys (NASDAQ:AGYS)

Receive News & Ratings for Agilysys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agilysys and related companies with MarketBeat.com's FREE daily email newsletter.