Paloma Partners Management Co acquired a new position in shares of Agilysys, Inc. (NASDAQ:AGYS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,630,287 shares of the software maker’s stock, valued at approximately $20,020,000. Agilysys comprises 0.3% of Paloma Partners Management Co’s holdings, making the stock its 24th largest position. Paloma Partners Management Co owned about 6.99% of Agilysys at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of AGYS. Alliancebernstein L.P. lifted its stake in Agilysys by 3.8% in the 2nd quarter. Alliancebernstein L.P. now owns 10,950 shares of the software maker’s stock valued at $111,000 after purchasing an additional 400 shares during the last quarter. Voya Investment Management LLC lifted its stake in Agilysys by 20.2% in the 2nd quarter. Voya Investment Management LLC now owns 12,691 shares of the software maker’s stock valued at $128,000 after purchasing an additional 2,132 shares during the last quarter. OxFORD Asset Management LLP acquired a new stake in Agilysys in the 3rd quarter valued at about $154,000. SG Americas Securities LLC acquired a new stake in Agilysys in the 4th quarter valued at about $167,000. Finally, Russell Investments Group Ltd. acquired a new stake in Agilysys in the 3rd quarter valued at about $179,000. Institutional investors own 90.00% of the company’s stock.
Separately, BidaskClub downgraded shares of Agilysys from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th.
Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Thursday, January 25th. The software maker reported ($0.08) earnings per share for the quarter. The company had revenue of $31.31 million during the quarter. Agilysys had a negative net margin of 10.66% and a negative return on equity of 12.12%.
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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.
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