BidaskClub Lowers Agilysys (AGYS) to Sell

BidaskClub downgraded shares of Agilysys (NASDAQ:AGYS) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

Agilysys (NASDAQ:AGYS) traded up $0.04 during trading hours on Wednesday, hitting $11.47. 21,800 shares of the stock were exchanged, compared to its average volume of 43,915. The stock has a market cap of $266.47, a P/E ratio of -19.78 and a beta of 0.35. Agilysys has a 12-month low of $8.75 and a 12-month high of $13.00.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Thursday, January 25th. The software maker reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $31.31 million during the quarter. Agilysys had a negative return on equity of 12.12% and a negative net margin of 10.66%.

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Agilysys by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,892,584 shares of the software maker’s stock worth $19,153,000 after purchasing an additional 29,361 shares in the last quarter. Paloma Partners Management Co bought a new position in Agilysys in the 4th quarter worth about $20,020,000. Archon Capital Management LLC boosted its stake in Agilysys by 6.1% in the 4th quarter. Archon Capital Management LLC now owns 1,252,021 shares of the software maker’s stock worth $15,375,000 after purchasing an additional 71,817 shares in the last quarter. Park West Asset Management LLC bought a new position in Agilysys in the 4th quarter worth about $13,623,000. Finally, Vanguard Group Inc. boosted its stake in Agilysys by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 905,206 shares of the software maker’s stock worth $9,161,000 after purchasing an additional 15,165 shares in the last quarter. Institutional investors own 83.43% of the company’s stock.

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About Agilysys

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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