Acadian Asset Management LLC lifted its stake in Agilysys, Inc. (NASDAQ:AGYS) by 296.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,933 shares of the software maker’s stock after acquiring an additional 130,831 shares during the quarter. Acadian Asset Management LLC’s holdings in Agilysys were worth $2,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of AGYS. Royce & Associates LP increased its stake in shares of Agilysys by 108.0% in the second quarter. Royce & Associates LP now owns 354,887 shares of the software maker’s stock worth $5,501,000 after acquiring an additional 184,300 shares during the last quarter. BlackRock Inc. increased its stake in shares of Agilysys by 7.1% in the second quarter. BlackRock Inc. now owns 2,253,668 shares of the software maker’s stock worth $34,932,000 after acquiring an additional 149,689 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Agilysys by 28.7% in the second quarter. Renaissance Technologies LLC now owns 413,652 shares of the software maker’s stock worth $6,412,000 after acquiring an additional 92,152 shares during the last quarter. EAM Investors LLC acquired a new position in shares of Agilysys in the second quarter worth $791,000. Finally, Algert Global LLC increased its stake in shares of Agilysys by 124.1% in the second quarter. Algert Global LLC now owns 79,736 shares of the software maker’s stock worth $1,236,000 after acquiring an additional 44,158 shares during the last quarter. 86.20% of the stock is currently owned by institutional investors and hedge funds.

AGYS has been the topic of a number of research reports. BidaskClub raised shares of Agilysys from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 15th. Maxim Group set a $22.00 price target on shares of Agilysys and gave the stock a “buy” rating in a research note on Friday, October 19th.

In related news, SVP Kyle C. Badger sold 3,693 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $15.73, for a total value of $58,090.89. Following the completion of the sale, the senior vice president now directly owns 94,771 shares in the company, valued at $1,490,747.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith M. Kolerus sold 14,317 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $15.69, for a total transaction of $224,633.73. Following the completion of the sale, the director now owns 152,819 shares of the company’s stock, valued at $2,397,730.11. The disclosure for this sale can be found here. Insiders sold 23,944 shares of company stock valued at $375,710 over the last quarter. 26.80% of the stock is currently owned by corporate insiders.

NASDAQ AGYS opened at $16.68 on Friday. Agilysys, Inc. has a 1-year low of $10.77 and a 1-year high of $16.87. The firm has a market capitalization of $381.39 million, a PE ratio of -45.08 and a beta of 0.30.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Thursday, October 25th. The software maker reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.02. Agilysys had a negative net margin of 5.83% and a negative return on equity of 7.08%. The business had revenue of $34.20 million for the quarter, compared to the consensus estimate of $33.51 million. Research analysts predict that Agilysys, Inc. will post -0.26 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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