Agilysys (AGYS) Reaches New 12-Month High at $19.60

Agilysys, Inc. (NASDAQ:AGYS) reached a new 52-week high during trading on Tuesday . The company traded as high as $19.60 and last traded at $19.31, with a volume of 7851 shares traded. The stock had previously closed at $19.17.

A number of research analysts have weighed in on AGYS shares. ValuEngine upgraded Agilysys from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Maxim Group set a $22.00 price target on Agilysys and gave the stock a “buy” rating in a report on Friday, January 25th. Finally, BidaskClub cut Agilysys from a “hold” rating to a “sell” rating in a report on Saturday, January 12th.

In other Agilysys news, CEO Ramesh Srinivasan acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, February 6th. The shares were acquired at an average cost of $18.40 per share, with a total value of $368,000.00. Following the transaction, the chief executive officer now owns 118,601 shares of the company’s stock, valued at approximately $2,182,258.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 26.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGYS. Meeder Asset Management Inc. lifted its holdings in shares of Agilysys by 88.4% in the 4th quarter. Meeder Asset Management Inc. now owns 2,101 shares of the software maker’s stock valued at $31,000 after acquiring an additional 986 shares during the last quarter. LS Investment Advisors LLC acquired a new position in shares of Agilysys during the fourth quarter worth $45,000. State of Alaska Department of Revenue lifted its position in shares of Agilysys by 18.5% during the fourth quarter. State of Alaska Department of Revenue now owns 5,889 shares of the software maker’s stock worth $84,000 after purchasing an additional 918 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Agilysys during the third quarter worth $100,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Agilysys during the fourth quarter worth $96,000. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

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Agilysys Company Profile (NASDAQ:AGYS)

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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