Agilysys (AGYS) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of Agilysys (NASDAQ:AGYS) from a hold rating to a buy rating in a research report released on Saturday, December 9th.

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

Agilysys (AGYS) traded up $0.19 during trading hours on Friday, reaching $12.47. The company’s stock had a trading volume of 135,519 shares, compared to its average volume of 82,300. Agilysys has a 52-week low of $8.60 and a 52-week high of $12.98. The firm has a market cap of $284.93, a P/E ratio of -21.50 and a beta of 0.39.

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

In other news, CEO Ramesh Srinivasan acquired 50,000 shares of the stock in a transaction on Friday, November 10th. The shares were purchased at an average price of $11.77 per share, for a total transaction of $588,500.00. Following the transaction, the chief executive officer now directly owns 35,000 shares of the company’s stock, valued at $411,950. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 34.70% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC acquired a new stake in Agilysys in the third quarter valued at about $470,000. 22NW LP acquired a new stake in Agilysys in the third quarter valued at about $1,821,000. OxFORD Asset Management LLP acquired a new stake in Agilysys in the third quarter valued at about $154,000. Archon Capital Management LLC boosted its stake in Agilysys by 12.5% in the third quarter. Archon Capital Management LLC now owns 1,180,204 shares of the software maker’s stock valued at $14,103,000 after buying an additional 131,057 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Agilysys by 7.7% in the third quarter. Ameriprise Financial Inc. now owns 86,108 shares of the software maker’s stock valued at $1,030,000 after buying an additional 6,180 shares in the last quarter. 83.61% of the stock is currently owned by institutional investors.

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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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