Swiss National Bank Takes Position in Agilysys, Inc. (NASDAQ:AGYS)

Swiss National Bank purchased a new stake in Agilysys, Inc. (NASDAQ:AGYS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 37,300 shares of the software maker’s stock, valued at approximately $801,000. Swiss National Bank owned approximately 0.16% of Agilysys at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AGYS. Aperio Group LLC acquired a new position in Agilysys during the second quarter valued at approximately $59,000. KBC Group NV raised its position in Agilysys by 929.0% during the second quarter. KBC Group NV now owns 12,338 shares of the software maker’s stock valued at $265,000 after purchasing an additional 11,139 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Agilysys during the second quarter valued at approximately $65,000. Strs Ohio raised its position in Agilysys by 222.0% during the second quarter. Strs Ohio now owns 29,300 shares of the software maker’s stock valued at $629,000 after purchasing an additional 20,200 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in Agilysys by 3.3% during the second quarter. Bessemer Group Inc. now owns 59,500 shares of the software maker’s stock valued at $1,277,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors own 79.54% of the company’s stock.

Shares of NASDAQ AGYS traded up $0.48 during midday trading on Friday, reaching $26.89. 460 shares of the company were exchanged, compared to its average volume of 132,416. The stock’s 50-day moving average price is $26.18 and its 200-day moving average price is $22.35. The stock has a market cap of $597.57 million, a P/E ratio of -47.23 and a beta of 0.31. Agilysys, Inc. has a one year low of $13.32 and a one year high of $28.17. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Thursday, July 25th. The software maker reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The firm had revenue of $38.39 million for the quarter, compared to analysts’ expectations of $37.92 million. Agilysys had a negative net margin of 8.95% and a negative return on equity of 12.64%. On average, equities research analysts anticipate that Agilysys, Inc. will post -0.15 EPS for the current year.

In other Agilysys news, VP Jebaseelan Kingsley acquired 2,000 shares of Agilysys stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average price of $25.59 per share, with a total value of $51,180.00. Following the completion of the purchase, the vice president now directly owns 11,630 shares in the company, valued at approximately $297,611.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bermuda One Fund Llc sold 4,300 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $22.50, for a total transaction of $96,750.00. The disclosure for this sale can be found here. In the last three months, insiders purchased 23,000 shares of company stock worth $572,970 and sold 187,100 shares worth $4,092,457. Insiders own 16.00% of the company’s stock.

Several research analysts have commented on AGYS shares. BidaskClub downgraded shares of Agilysys from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 5th. Maxim Group set a $28.00 target price on shares of Agilysys and gave the stock a “buy” rating in a research note on Friday, July 26th. ValuEngine cut shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Zacks Investment Research raised shares of Agilysys from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $28.33.

Agilysys Profile

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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Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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