Agilysys (NASDAQ:AGYS) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, TheStreet upgraded Agilysys from a “d+” rating to a “c-” rating in a research note on Monday, August 14th.

Agilysys (NASDAQ AGYS) traded down $0.06 during trading hours on Friday, reaching $12.42. The company’s stock had a trading volume of 41,158 shares, compared to its average volume of 59,966. Agilysys has a 12-month low of $8.60 and a 12-month high of $12.98.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Wednesday, November 1st. The software maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The business had revenue of $30.13 million during the quarter. Agilysys had a negative net margin of 10.33% and a negative return on equity of 11.69%. During the same quarter last year, the company earned ($0.11) EPS.

In other news, CEO Ramesh Srinivasan bought 50,000 shares of the stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $11.77 per share, for a total transaction of $588,500.00. Following the completion of the purchase, the chief executive officer now owns 35,000 shares in the company, valued at $411,950. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith M. Kolerus bought 9,934 shares of the stock in a transaction dated Friday, September 15th. The shares were purchased at an average price of $10.57 per share, for a total transaction of $105,002.38. Following the purchase, the director now owns 145,245 shares of the company’s stock, valued at approximately $1,535,239.65. The disclosure for this purchase can be found here. 34.70% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. grew 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 buying an additional 400 shares in the last quarter. Texas Permanent School Fund grew its position in Agilysys by 0.8% during the second quarter. Texas Permanent School Fund now owns 11,016 shares of the software maker’s stock worth $111,000 after buying an additional 85 shares in the last quarter. Voya Investment Management LLC grew its position in Agilysys by 20.2% during the second quarter. Voya Investment Management LLC now owns 12,691 shares of the software maker’s stock worth $128,000 after buying an additional 2,132 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in Agilysys during the third quarter worth approximately $154,000. Finally, Russell Investments Group Ltd. acquired a new stake in Agilysys during the third quarter worth approximately $179,000. Institutional investors own 83.61% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Agilysys (AGYS) Upgraded to Buy at BidaskClub” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/12/09/agilysys-agys-upgraded-to-buy-at-bidaskclub.html.

About Agilysys

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.

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.