What’s in Agilysys, Inc. (AGYS) After Forming Bullish Double Top Pattern?

January 18, 2018 - By Hazel Jackson

Investors sentiment increased to 1.48 in Q3 2017. Its up 0.17, from 1.31 in 2017Q2. It increased, as 5 investors sold Agilysys, Inc. shares while 18 reduced holdings. 12 funds opened positions while 22 raised stakes. 17.57 million shares or 2.82% less from 18.08 million shares in 2017Q2 were reported.
Blair William & Il, Illinois-based fund reported 15,120 shares. 9,929 are held by Nationwide Fund Advsrs. Alliancebernstein Ltd Partnership has 0% invested in Agilysys, Inc. (NASDAQ:AGYS). Bnp Paribas Arbitrage Sa owns 7,472 shares for 0% of their portfolio. Renaissance Ltd Llc invested in 0% or 308,752 shares. State Of Alaska Department Of Revenue reported 0% of its portfolio in Agilysys, Inc. (NASDAQ:AGYS). Northern invested in 0% or 209,551 shares. New York-based Jpmorgan Chase has invested 0% in Agilysys, Inc. (NASDAQ:AGYS). Legal General Group Incorporated Public Ltd Company holds 0% or 25,186 shares. Moreover, Punch And Invest Mngmt has 0.45% invested in Agilysys, Inc. (NASDAQ:AGYS) for 428,480 shares. Goldman Sachs Gru has 27,297 shares for 0% of their portfolio. Dimensional Fund Lp reported 1.89 million shares. Shufro Rose And Limited Com owns 110,660 shares. State Common Retirement Fund invested 0% of its portfolio in Agilysys, Inc. (NASDAQ:AGYS). Parametric Portfolio Ltd Liability Corp has invested 0% in Agilysys, Inc. (NASDAQ:AGYS).

The chart of Agilysys, Inc. (AGYS) shows a double top with $13.66 target or 8.00 % above today’s $12.65 share price. The 7 months chart pattern indicates low risk for the $294.98 million company. It was reported on Jan, 18 by Finviz.com. If the $13.66 price target is reached, the company will be worth $23.60M more. Double tops are rare but powerful chart patterns.

The stock increased 1.93% or $0.24 during the last trading session, reaching $12.65. About 22,012 shares traded. Agilysys, Inc. (NASDAQ:AGYS) has declined 6.49% since January 18, 2017 and is downtrending. It has underperformed by 23.19% the S&P500.

More notable recent Agilysys, Inc. (NASDAQ:AGYS) news were published by: Seekingalpha.com which released: “Agilysys Inc.’s (AGYS) CEO on Q2 2018 Results – Earnings Call Transcript” on November 05, 2017, also Seekingalpha.com with their article: “Agilysys’ (AGYS) CEO Ramesh Srinivasan on Q4 2017 Results – Earnings Call …” published on June 02, 2017, Businesswire.com published: “Agilysys Announces Annual Inspire User Conference & Executive Summit 2018” on September 29, 2017. More interesting news about Agilysys, Inc. (NASDAQ:AGYS) were released by: Businesswire.com and their article: “Agilysys to Report Fiscal 2018 Third Quarter Results on January 25 and Host …” published on January 11, 2018 as well as Businesswire.com‘s news article titled: “Hospitality Industry Veteran Don DeMarinis to Join Agilysys as Senior Vice …” with publication date: January 12, 2018.

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