Agilysys, Inc. (AGYS) CEO Acquires $588,500.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) CEO Ramesh Srinivasan acquired 50,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were acquired at an average price of $11.77 per share, with a total value 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 document filed with the SEC, which is accessible through this hyperlink.

Shares of Agilysys, Inc. (AGYS) traded up $0.09 during mid-day trading on Monday, reaching $11.84. The company had a trading volume of 47,000 shares, compared to its average volume of 59,617. Agilysys, Inc. has a one year low of $8.60 and a one year high of $12.94.

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

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Large investors have recently bought and sold shares of the company. Alliancebernstein L.P. grew its position in shares of Agilysys by 3.8% during the 2nd 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 during the period. Texas Permanent School Fund lifted its stake in Agilysys by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 11,016 shares of the software maker’s stock worth $111,000 after purchasing an additional 85 shares in the last quarter. Voya Investment Management LLC lifted its stake in Agilysys by 20.2% in the 2nd quarter. Voya Investment Management LLC now owns 12,691 shares of the software maker’s stock worth $128,000 after purchasing an additional 2,132 shares in the last quarter. OxFORD Asset Management LLP purchased a new position in Agilysys in the 3rd quarter worth approximately $154,000. Finally, Spark Investment Management LLC purchased a new position in Agilysys in the 2nd quarter worth approximately $175,000. Hedge funds and other institutional investors own 83.93% of the company’s stock.

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

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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