BidaskClub Lowers Agilysys (AGYS) to Sell

BidaskClub lowered shares of Agilysys (NASDAQ:AGYS) from a hold rating to a sell rating in a research note published on Tuesday.

AGYS opened at $12.54 on Tuesday. Agilysys has a 52-week low of $11.97 and a 52-week high of $12.00.

Hedge funds have recently made changes to their positions in the company. Paloma Partners Management Co purchased a new position in shares of Agilysys in the fourth quarter valued at $20,020,000. Park West Asset Management LLC purchased a new position in shares of Agilysys in the fourth quarter valued at $13,623,000. Stone Ridge Asset Management LLC purchased a new position in shares of Agilysys in the fourth quarter valued at $408,000. Rhumbline Advisers boosted its stake in shares of Agilysys by 14.4% in the fourth quarter. Rhumbline Advisers now owns 37,851 shares of the software maker’s stock valued at $465,000 after purchasing an additional 4,761 shares during the period. Finally, Algert Global LLC boosted its stake in shares of Agilysys by 157.0% in the fourth quarter. Algert Global LLC now owns 101,016 shares of the software maker’s stock valued at $1,240,000 after purchasing an additional 61,708 shares during the period. Institutional investors and hedge funds own 84.18% of the company’s stock.

Agilysys Company Profile

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, and Asia. It specializes in point-of-sale, property management, inventory and procurement, workforce management, and mobile and wireless solutions that are designed to streamline operations, enhance efficiency, increasing guest recruitment and wallet share, and enhance the overall guest experience.

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