Bermuda One Fund Llc Sells 21,700 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) major shareholder Bermuda One Fund Llc sold 21,700 shares of the company’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $22.14, for a total value of $480,438.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Bermuda One Fund Llc also recently made the following trade(s):

  • On Friday, June 21st, Bermuda One Fund Llc sold 11,200 shares of Agilysys stock. The shares were sold at an average price of $22.20, for a total value of $248,640.00.
  • On Monday, June 17th, Bermuda One Fund Llc sold 10,000 shares of Agilysys stock. The shares were sold at an average price of $22.70, for a total value of $227,000.00.
  • On Wednesday, June 19th, Bermuda One Fund Llc sold 29,200 shares of Agilysys stock. The shares were sold at an average price of $22.42, for a total value of $654,664.00.
  • On Friday, June 14th, Bermuda One Fund Llc sold 16,900 shares of Agilysys stock. The shares were sold at an average price of $22.46, for a total value of $379,574.00.
  • On Tuesday, June 11th, Bermuda One Fund Llc sold 16,000 shares of Agilysys stock. The shares were sold at an average price of $22.39, for a total value of $358,240.00.
  • On Thursday, June 6th, Bermuda One Fund Llc sold 26,400 shares of Agilysys stock. The shares were sold at an average price of $21.64, for a total value of $571,296.00.
  • On Friday, May 31st, Bermuda One Fund Llc sold 5,400 shares of Agilysys stock. The stock was sold at an average price of $22.71, for a total value of $122,634.00.
  • On Monday, June 3rd, Bermuda One Fund Llc sold 19,500 shares of Agilysys stock. The stock was sold at an average price of $21.86, for a total value of $426,270.00.
  • On Wednesday, May 29th, Bermuda One Fund Llc sold 20,800 shares of Agilysys stock. The stock was sold at an average price of $22.52, for a total value of $468,416.00.
  • On Thursday, May 23rd, Bermuda One Fund Llc sold 33,200 shares of Agilysys stock. The stock was sold at an average price of $22.44, for a total value of $745,008.00.

Shares of AGYS stock opened at $21.09 on Wednesday. Agilysys, Inc. has a fifty-two week low of $13.32 and a fifty-two week high of $22.98. The business has a 50-day moving average price of $21.63. The firm has a market cap of $495.51 million, a price-to-earnings ratio of -37.00 and a beta of 0.35.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Thursday, May 16th. The software maker reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.07). Agilysys had a negative return on equity of 12.49% and a negative net margin of 9.35%. The firm had revenue of $36.62 million during the quarter, compared to analyst estimates of $36.80 million. During the same period in the previous year, the company earned ($0.06) earnings per share. On average, sell-side analysts forecast that Agilysys, Inc. will post -0.56 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Quantamental Technologies LLC bought a new stake in shares of Agilysys during the 1st quarter worth about $28,000. BNP Paribas Arbitrage SA boosted its stake in shares of Agilysys by 1,508.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,232 shares of the software maker’s stock worth $68,000 after acquiring an additional 3,031 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of Agilysys during the 4th quarter worth about $72,000. Metropolitan Life Insurance Co. NY bought a new stake in Agilysys during the 4th quarter valued at approximately $76,000. Finally, Oregon Public Employees Retirement Fund bought a new stake in Agilysys during the 4th quarter valued at approximately $96,000. 77.65% of the stock is currently owned by institutional investors.

AGYS has been the topic of several research reports. BidaskClub raised Agilysys from a “hold” rating to a “buy” rating in a research report on Monday, May 20th. Maxim Group upped their target price on Agilysys to $25.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Northland Securities initiated coverage on Agilysys in a research report on Friday, March 29th. They issued an “outperform” rating and a $26.00 target price on the stock. Finally, Zacks Investment Research lowered Agilysys from a “hold” rating to a “sell” rating in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $25.50.

About Agilysys

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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