Agilysys, Inc. (AGYS) Position Trimmed by Nationwide Fund Advisors

Nationwide Fund Advisors lowered its stake in Agilysys, Inc. (NASDAQ:AGYS) by 16.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,872 shares of the software maker’s stock after selling 1,900 shares during the period. Nationwide Fund Advisors’ holdings in Agilysys were worth $100,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Texas Permanent School Fund boosted its holdings in Agilysys by 0.8% in the second quarter. Texas Permanent School Fund now owns 11,016 shares of the software maker’s stock valued at $111,000 after acquiring an additional 85 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Agilysys by 3.8% in the second quarter. Alliancebernstein L.P. now owns 10,950 shares of the software maker’s stock valued at $111,000 after acquiring an additional 400 shares in the last quarter. Legal & General Group Plc boosted its holdings in Agilysys by 9.8% in the second quarter. Legal & General Group Plc now owns 25,186 shares of the software maker’s stock valued at $255,000 after acquiring an additional 2,253 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in Agilysys by 28.6% in the second quarter. Great West Life Assurance Co. Can now owns 22,497 shares of the software maker’s stock valued at $227,000 after acquiring an additional 5,010 shares in the last quarter. Finally, Spark Investment Management LLC bought a new stake in Agilysys in the second quarter valued at $175,000. Institutional investors and hedge funds own 84.89% of the company’s stock.

Separately, TheStreet upgraded shares of Agilysys from a “d+” rating to a “c-” rating in a report on Monday, August 14th.

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In other Agilysys news, CEO Ramesh Srinivasan bought 50,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were purchased at an average price of $11.77 per share, for a total transaction of $588,500.00. Following the acquisition, the chief executive officer now owns 35,000 shares in the company, valued at approximately $411,950. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Keith M. Kolerus bought 9,934 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were acquired at an average price of $10.57 per share, for a total transaction of $105,002.38. Following the acquisition, the director now owns 145,245 shares in the company, valued at approximately $1,535,239.65. The disclosure for this purchase can be found here. Insiders own 34.70% of the company’s stock.

Shares of Agilysys, Inc. (NASDAQ AGYS) opened at $12.09 on Wednesday. Agilysys, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $12.94.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Wednesday, November 1st. The software maker reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.01). Agilysys had a negative net margin of 10.33% and a negative return on equity of 11.69%. The business had revenue of $30.13 million for the quarter. During the same quarter in the previous year, the business posted ($0.11) EPS.

Agilysys Company Profile

Agilysys, Inc is a technology company. The Company provides software for point-of-sale (POS), property management, inventory and procurement, workforce management, analytics, document management, and mobile and wireless solutions and services to the hospitality industry. The Company serves four market sectors: gaming, both corporate and tribal; hotels, resorts and cruise; foodservice management, and restaurants, universities, stadia and healthcare.

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Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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