Agilysys, Inc. (AGYS) Stake Maintained by Discovery Group I, LLC

Discovery Group I, LLC

disclosed that they own a 7.8% stake in Agilysys, Inc. (NASDAQ:AGYS) in a Form 13D/A disclosure that was filed with the SEC on Monday, March 20th. The investor owns 1,816,462 shares of the stock valued at $16,965,755. The reporting parties listed on the disclosure included Discovery Equity Partners, LP and Discovery Group I, LLC. The disclosure is available through EDGAR at this link.

Discovery Group I, LLC

provided the following explanation of their ownership:

Warning: file_get_contents(): php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/acctmp/public_html/download.php on line 6

Warning: file_get_contents(https://whalewisdom.com
2,097,878
): failed to open stream: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/acctmp/public_html/download.php on line 6

Shares of Agilysys, Inc. (NASDAQ:AGYS) traded down 4.01% during mid-day trading on Monday, reaching $9.34. The company’s stock had a trading volume of 23,948 shares. Agilysys, Inc. has a 12 month low of $8.17 and a 12 month high of $12.15. The stock’s market capitalization is $211.18 million. The company has a 50 day moving average price of $9.24 and a 200 day moving average price of $10.17.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Thursday, February 9th. The company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.05. The firm had revenue of $33.40 million for the quarter, compared to the consensus estimate of $34.97 million. Agilysys had a negative net margin of 6.18% and a negative return on equity of 6.61%. During the same period in the prior year, the business posted ($0.07) earnings per share. On average, equities research analysts anticipate that Agilysys, Inc. will post ($0.36) earnings per share for the current fiscal year.

Your IP Address:

Separately, Sidoti upgraded Agilysys from a “neutral” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Monday, February 13th.

In other Agilysys news, Director Melvin L. Keating bought 3,844 shares of the stock in a transaction on Wednesday, February 22nd. The shares were purchased at an average cost of $9.24 per share, with a total value of $35,518.56. Following the completion of the transaction, the director now directly owns 10,049 shares of the company’s stock, valued at approximately $92,852.76. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ramesh Srinivasan bought 60,000 shares of the stock in a transaction on Wednesday, February 15th. The shares were acquired at an average cost of $9.62 per share, for a total transaction of $577,200.00. The disclosure for this purchase can be found here. Corporate insiders own 35.80% of the company’s stock.

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.

5 Day Chart for NASDAQ:AGYS

Want to see what other hedge funds are holding AGYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Agilysys, Inc. (NASDAQ:AGYS).

Receive News & Ratings for Agilysys Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agilysys Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Fuel Shortage in Venezuela Growing Worse
Fuel Shortage in Venezuela Growing Worse
FedEx Comes Up Short on Earnings
FedEx Comes Up Short on Earnings
Brazil Looks to Calm Fears Over Export and Sale of Meat
Brazil Looks to Calm Fears Over Export and Sale of Meat
Dollar General Increasing Pay, Lowering Price and Adding Perishable Goods
Dollar General Increasing Pay, Lowering Price and Adding Perishable Goods
Euronet Worldwide Tops Offer by Ant to Acquire MoneyGram
Euronet Worldwide Tops Offer by Ant to Acquire MoneyGram
Oil Prices Drop to Low of Three Months on Rig Count
Oil Prices Drop to Low of Three Months on Rig Count


Leave a Reply

© 2006-2017 Ticker Report. Google+.