Wells Fargo & Company MN Has $789,000 Stock Position in Agilysys, Inc. (NASDAQ:AGYS)

Wells Fargo & Company MN lifted its stake in Agilysys, Inc. (NASDAQ:AGYS) by 22.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,722 shares of the software maker’s stock after acquiring an additional 6,619 shares during the quarter. Wells Fargo & Company MN owned approximately 0.16% of Agilysys worth $789,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Granite Investment Partners LLC acquired a new stake in shares of Agilysys in the first quarter valued at about $1,258,000. BNP Paribas Arbitrage SA increased its position in Agilysys by 1,508.0% during the first quarter. BNP Paribas Arbitrage SA now owns 3,232 shares of the software maker’s stock worth $68,000 after buying an additional 3,031 shares during the last quarter. Cortina Asset Management LLC increased its position in Agilysys by 74.8% during the second quarter. Cortina Asset Management LLC now owns 202,734 shares of the software maker’s stock worth $4,353,000 after buying an additional 86,730 shares during the last quarter. William Blair Investment Management LLC increased its position in Agilysys by 8.7% during the first quarter. William Blair Investment Management LLC now owns 1,179,416 shares of the software maker’s stock worth $24,968,000 after buying an additional 94,595 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Agilysys during the second quarter worth approximately $65,000. 79.56% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Jebaseelan Kingsley acquired 2,000 shares of the stock in a transaction on Monday, September 9th. The stock was acquired at an average cost of $25.59 per share, for a total transaction of $51,180.00. Following the completion of the transaction, the vice president now directly owns 11,630 shares in the company, valued at $297,611.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Bermuda One Fund Llc sold 4,300 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $22.50, for a total transaction of $96,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 23,000 shares of company stock valued at $572,970. 16.00% of the stock is currently owned by corporate insiders.

A number of equities analysts have weighed in on the company. BidaskClub downgraded Agilysys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. ValuEngine downgraded Agilysys from a “hold” rating to a “sell” rating in a research report on Wednesday. Maxim Group set a $28.00 price target on Agilysys and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research downgraded Agilysys from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $28.33.

Shares of NASDAQ:AGYS traded up $0.17 during trading on Thursday, reaching $25.95. 1,299 shares of the stock were exchanged, compared to its average volume of 223,669. Agilysys, Inc. has a 12 month low of $13.32 and a 12 month high of $28.50. The firm has a market cap of $606.33 million, a PE ratio of -45.53 and a beta of 0.27. The stock has a 50-day moving average price of $26.80 and a 200-day moving average price of $22.96. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.12.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Thursday, July 25th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The company had revenue of $38.39 million during the quarter, compared to analysts’ expectations of $37.92 million. Agilysys had a negative return on equity of 12.64% and a negative net margin of 8.95%. On average, sell-side analysts expect that Agilysys, Inc. will post -0.15 earnings per share for the current fiscal year.

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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