Agilysys, Inc. (AGYS) Stake Held by Punch & Associates Investment Management Inc.
Punch & Associates Investment Management Inc. held its position in Agilysys, Inc. (NASDAQ:AGYS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 428,480 shares of the software maker’s stock at the close of the second quarter. Punch & Associates Investment Management Inc. owned 1.88% of Agilysys worth $4,336,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its position in Agilysys by 3.8% during the second quarter. Alliancebernstein L.P. now owns 10,950 shares of the software maker’s stock worth $111,000 after purchasing an additional 400 shares in the last quarter. Texas Permanent School Fund increased its position in shares of Agilysys by 0.8% in the second quarter. Texas Permanent School Fund now owns 11,016 shares of the software maker’s stock valued at $111,000 after buying an additional 85 shares in the last quarter. Voya Investment Management LLC increased 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 buying an additional 2,132 shares in the last quarter. Spark Investment Management LLC purchased a new stake in shares of Agilysys in the second quarter valued at approximately $175,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Agilysys in the second quarter valued at approximately $203,000. 83.95% of the stock is owned by institutional investors.
Separately, TheStreet raised Agilysys from a “d+” rating to a “c-” rating in a research note on Monday, August 14th.
Agilysys, Inc. (NASDAQ AGYS) traded down 0.74% during trading on Wednesday, reaching $12.00. 1,547 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $10.72 and a 200 day moving average price of $10.07. Agilysys, Inc. has a 52 week low of $8.17 and a 52 week high of $12.25. The firm’s market capitalization is $273.73 million.
Agilysys (NASDAQ:AGYS) last released its earnings results on Thursday, August 3rd. The software maker reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.02. The company had revenue of $33.87 million for the quarter. Agilysys had a negative return on equity of 10.70% and a negative net margin of 9.48%. During the same quarter in the previous year, the firm posted ($0.10) EPS. Equities research analysts forecast that Agilysys, Inc. will post ($0.39) earnings per share for the current fiscal year.
In other Agilysys news, Director Keith M. Kolerus purchased 9,934 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average cost of $10.57 per share, for a total transaction of $105,002.38. Following the completion of the purchase, the director now directly owns 145,245 shares in the company, valued at $1,535,239.65. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 34.70% of the stock is owned by company insiders.
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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