Russell Investments Group Ltd. Buys New Stake in Agilysys, Inc. (AGYS)
Russell Investments Group Ltd. purchased a new stake in Agilysys, Inc. (NASDAQ:AGYS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,938 shares of the software maker’s stock, valued at approximately $179,000. Russell Investments Group Ltd. owned about 0.06% of Agilysys at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the company. Alliancebernstein L.P. grew its position in shares of Agilysys by 3.8% in the second quarter. Alliancebernstein L.P. now owns 10,950 shares of the software maker’s stock valued at $111,000 after purchasing an additional 400 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Agilysys by 20.2% in the second quarter. Voya Investment Management LLC now owns 12,691 shares of the software maker’s stock valued at $128,000 after purchasing an additional 2,132 shares during the last quarter. Legal & General Group Plc grew its position in shares of Agilysys by 9.8% in the second quarter. Legal & General Group Plc now owns 25,186 shares of the software maker’s stock valued at $255,000 after purchasing an additional 2,253 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Agilysys by 28.6% in the second quarter. Great West Life Assurance Co. Can now owns 22,497 shares of the software maker’s stock valued at $227,000 after purchasing an additional 5,010 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Agilysys by 4.2% in the second quarter. Northern Trust Corp now owns 211,238 shares of the software maker’s stock valued at $2,137,000 after purchasing an additional 8,489 shares during the last quarter. Institutional investors and hedge funds own 83.61% of the company’s stock.
In other news, CEO Ramesh Srinivasan bought 50,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 35,000 shares in the company, valued at $411,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 34.70% of the stock is currently owned by company insiders.
Shares of Agilysys, Inc. (NASDAQ AGYS) opened at $12.22 on Tuesday. Agilysys, Inc. has a 1 year low of $8.60 and a 1 year high of $12.98. The stock has a market cap of $284.93, a P/E ratio of -21.07 and a beta of 0.39.
Agilysys (NASDAQ:AGYS) last announced its earnings results on Wednesday, November 1st. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 quarter in the prior year, the business posted ($0.11) EPS.
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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