Park West Asset Management LLC Boosts Stake in Agilysys, Inc. (AGYS)

Park West Asset Management LLC grew its position in Agilysys, Inc. (NASDAQ:AGYS) by 8.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,204,336 shares of the software maker’s stock after purchasing an additional 95,000 shares during the quarter. Park West Asset Management LLC owned about 5.17% of Agilysys worth $14,356,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AGYS. SG Americas Securities LLC acquired a new position in shares of Agilysys in the fourth quarter valued at approximately $167,000. Spark Investment Management LLC grew its position in shares of Agilysys by 43.6% in the first quarter. Spark Investment Management LLC now owns 15,800 shares of the software maker’s stock valued at $188,000 after purchasing an additional 4,800 shares during the last quarter. Balter Liquid Alternatives LLC grew its position in shares of Agilysys by 221.3% in the first quarter. Balter Liquid Alternatives LLC now owns 17,437 shares of the software maker’s stock valued at $208,000 after purchasing an additional 12,010 shares during the last quarter. JPMorgan Chase & Co. grew its position in Agilysys by 296.1% during the first quarter. JPMorgan Chase & Co. now owns 17,876 shares of the software maker’s stock worth $214,000 after buying an additional 13,363 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Agilysys by 67.6% during the fourth quarter. Wells Fargo & Company MN now owns 23,729 shares of the software maker’s stock worth $291,000 after buying an additional 9,572 shares in the last quarter. 85.88% of the stock is currently owned by institutional investors.

Shares of NASDAQ:AGYS opened at $14.88 on Thursday. Agilysys, Inc. has a 1 year low of $9.54 and a 1 year high of $14.90. The company has a market cap of $337.14 million, a P/E ratio of -40.22 and a beta of 0.35.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Thursday, May 24th. The software maker reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.09. Agilysys had a negative net margin of 6.56% and a negative return on equity of 7.63%. The firm had revenue of $32.06 million for the quarter. During the same quarter in the previous year, the company earned ($0.23) EPS. analysts forecast that Agilysys, Inc. will post -0.26 EPS for the current fiscal year.

Separately, BidaskClub downgraded Agilysys from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st.

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.

Institutional Ownership by Quarter for Agilysys (NASDAQ:AGYS)

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