Bridgeway Capital Management Inc. lessened its stake in shares of Agilysys, Inc. (NASDAQ:AGYS) by 37.4% during the third quarter, HoldingsChannel.com reports. The fund owned 56,300 shares of the software maker’s stock after selling 33,600 shares during the quarter. Bridgeway Capital Management Inc.’s holdings in Agilysys were worth $918,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC acquired a new position in shares of Agilysys during the 3rd quarter valued at $100,000. SG Americas Securities LLC acquired a new position in shares of Agilysys during the 2nd quarter valued at $122,000. Texas Permanent School Fund acquired a new position in shares of Agilysys during the 3rd quarter valued at $181,000. Alambic Investment Management L.P. acquired a new position in shares of Agilysys during the 2nd quarter valued at $190,000. Finally, Albert D Mason Inc. acquired a new position in shares of Agilysys during the 3rd quarter valued at $217,000. Institutional investors own 86.52% of the company’s stock.

AGYS opened at $15.75 on Friday. Agilysys, Inc. has a 1-year low of $10.77 and a 1-year high of $17.52.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Thursday, October 25th. The software maker reported ($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.02. Agilysys had a negative net margin of 5.83% and a negative return on equity of 7.08%. The firm had revenue of $34.20 million for the quarter, compared to the consensus estimate of $33.51 million. Research analysts expect that Agilysys, Inc. will post -0.26 earnings per share for the current year.

In other Agilysys news, SVP Kyle C. Badger sold 3,693 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $15.73, for a total transaction of $58,090.89. Following the transaction, the senior vice president now owns 94,771 shares in the company, valued at $1,490,747.83. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Keith M. Kolerus sold 5,934 shares of the company’s 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 transaction, the director now owns 152,819 shares in the company, valued at approximately $2,394,673.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,944 shares of company stock worth $375,710. Corporate insiders own 26.80% of the company’s stock.

Several research analysts have weighed in on AGYS shares. Maxim Group set a $22.00 price objective on shares of Agilysys and gave the stock a “buy” rating in a report on Friday, October 26th. BidaskClub downgraded shares of Agilysys from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 30th.

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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.

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Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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