Algert Global LLC grew its holdings in Agilysys, Inc. (NASDAQ:AGYS) by 157.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 101,016 shares of the software maker’s stock after purchasing an additional 61,708 shares during the quarter. Algert Global LLC’s holdings in Agilysys were worth $1,240,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Alliancebernstein L.P. boosted its stake in shares of 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 purchasing an additional 400 shares during the period. Voya Investment Management LLC boosted its stake in shares of Agilysys by 20.2% in the second quarter. Voya Investment Management LLC now owns 12,691 shares of the software maker’s stock valued at $128,000 after purchasing an additional 2,132 shares during the period. OxFORD Asset Management LLP purchased a new position in shares of Agilysys in the third quarter valued at approximately $154,000. SG Americas Securities LLC purchased a new position in shares of Agilysys in the fourth quarter valued at approximately $167,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Agilysys in the third quarter valued at approximately $179,000. 83.60% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Ramesh Srinivasan purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average price of $11.77 per share, for a total transaction of $588,500.00. Following the completion of the purchase, the chief executive officer now directly owns 35,000 shares of the company’s stock, valued at $411,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 34.70% of the stock is owned by insiders.
Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Thursday, January 25th. The software maker reported ($0.08) earnings per share (EPS) for the quarter. Agilysys had a negative return on equity of 12.12% and a negative net margin of 10.66%. The firm had revenue of $31.31 million during the quarter.
Separately, BidaskClub raised shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Saturday, December 9th.
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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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