Insider Selling: Agilysys, Inc. (AGYS) Major Shareholder Sells 22,400 Shares of Stock

Share on StockTwits

Agilysys, Inc. (NASDAQ:AGYS) major shareholder Bermuda One Fund Llc sold 22,400 shares of Agilysys stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $18.92, for a total value of $423,808.00. The sale was disclosed in a legal filing with the SEC, which is available at 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, April 26th, Bermuda One Fund Llc sold 3,200 shares of Agilysys stock. The shares were sold at an average price of $18.93, for a total value of $60,576.00.
  • On Monday, April 29th, Bermuda One Fund Llc sold 11,700 shares of Agilysys stock. The stock was sold at an average price of $18.94, for a total value of $221,598.00.
  • On Monday, April 22nd, Bermuda One Fund Llc sold 8,000 shares of Agilysys stock. The stock was sold at an average price of $18.63, for a total value of $149,040.00.
  • On Wednesday, April 24th, Bermuda One Fund Llc sold 17,400 shares of Agilysys stock. The stock was sold at an average price of $18.89, for a total value of $328,686.00.
  • On Wednesday, April 17th, Bermuda One Fund Llc sold 3,900 shares of Agilysys stock. The stock was sold at an average price of $19.42, for a total value of $75,738.00.
  • On Friday, April 12th, Bermuda One Fund Llc sold 3,500 shares of Agilysys stock. The stock was sold at an average price of $20.01, for a total value of $70,035.00.
  • On Monday, April 15th, Bermuda One Fund Llc sold 10,500 shares of Agilysys stock. The stock was sold at an average price of $19.98, for a total value of $209,790.00.
  • On Monday, April 8th, Bermuda One Fund Llc sold 5,100 shares of Agilysys stock. The stock was sold at an average price of $19.58, for a total value of $99,858.00.
  • On Wednesday, April 10th, Bermuda One Fund Llc sold 13,400 shares of Agilysys stock. The stock was sold at an average price of $19.62, for a total value of $262,908.00.
  • On Friday, April 5th, Bermuda One Fund Llc sold 13,000 shares of Agilysys stock. The stock was sold at an average price of $19.89, for a total value of $258,570.00.

Shares of AGYS traded up $0.04 during trading hours on Thursday, hitting $18.93. The stock had a trading volume of 81,746 shares, compared to its average volume of 88,856. Agilysys, Inc. has a 12 month low of $11.68 and a 12 month high of $21.38. The firm has a market capitalization of $450.23 million, a P/E ratio of -51.16 and a beta of 0.57.

Institutional investors and hedge funds have recently modified their holdings of the stock. Quantamental Technologies LLC bought a new stake in shares of Agilysys in the first quarter worth $28,000. Meeder Asset Management Inc. grew its holdings in shares of Agilysys by 88.4% in the fourth quarter. Meeder Asset Management Inc. now owns 2,101 shares of the software maker’s stock worth $31,000 after acquiring an additional 986 shares during the period. LS Investment Advisors LLC bought a new stake in shares of Agilysys in the fourth quarter worth $45,000. BNP Paribas Arbitrage SA grew its holdings in shares of Agilysys by 1,508.0% in the first 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 during the period. Finally, Municipal Employees Retirement System of Michigan bought a new stake in shares of Agilysys in the fourth quarter worth $72,000. 86.42% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on the company. BidaskClub cut Agilysys from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Maxim Group set a $22.00 price target on Agilysys and gave the stock a “buy” rating in a research note on Friday, January 25th. Northland Securities assumed coverage on Agilysys in a research note on Friday, March 29th. They issued an “outperform” rating and a $26.00 price target for the company. Finally, ValuEngine upgraded Agilysys from a “hold” rating to a “buy” rating in a research note on Monday, February 4th.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Agilysys, Inc. (AGYS) Major Shareholder Sells 22,400 Shares of Stock” was first posted by Macon Daily and is the sole property of of Macon Daily. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://macondaily.com/2019/05/02/insider-selling-agilysys-inc-agys-major-shareholder-sells-22400-shares-of-stock.html.

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.

Featured Article: Understanding Stock Ratings

Insider Buying and Selling by Quarter for Agilysys (NASDAQ:AGYS)

Receive News & Ratings for Agilysys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agilysys and related companies with MarketBeat.com's FREE daily email newsletter.