Could Agilysys, Inc. (AGYS) Change Direction After This Bullish Double Top Pattern

January 13, 2018 - By Winifred Garcia

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.
Moreover, Texas Permanent School Fund has 0% invested in Agilysys, Inc. (NASDAQ:AGYS). Bridgeway Cap Management Inc invested 0.01% of its portfolio in Agilysys, Inc. (NASDAQ:AGYS). Utd Fire Group holds 0.51% in Agilysys, Inc. (NASDAQ:AGYS) or 125,687 shares. Credit Suisse Ag has invested 0% of its portfolio in Agilysys, Inc. (NASDAQ:AGYS). Bnp Paribas Arbitrage Sa has invested 0% in Agilysys, Inc. (NASDAQ:AGYS). Virtu Limited Liability accumulated 10,047 shares. 1.18M are held by Archon Cap Management Ltd Liability. Vident Invest Advisory Lc holds 24,163 shares. Wells Fargo & Communications Mn holds 0% or 14,157 shares. Dimensional Fund Advisors Limited Partnership, Texas-based fund reported 1.89M shares. Moreover, Soros Fund Lc has 0.03% invested in Agilysys, Inc. (NASDAQ:AGYS). Spark Inv Mgmt Lc accumulated 0.01% or 17,300 shares. Rhumbline Advisers owns 33,090 shares or 0% of their US portfolio. Alliancebernstein Lp holds 0% in Agilysys, Inc. (NASDAQ:AGYS) or 10,950 shares. Royal Retail Bank Of Canada has invested 0% in Agilysys, Inc. (NASDAQ:AGYS).

The chart of Agilysys, Inc. (AGYS) shows a double top with $13.42 target or 7.00 % above today’s $12.54 share price. The 5 months chart pattern indicates low risk for the $292.41M company. It was reported on Jan, 13 by Finviz.com. If the $13.42 price target is reached, the company will be worth $20.47 million more. Double tops are rare but powerful chart patterns.

The stock increased 1.21% or $0.15 during the last trading session, reaching $12.54. About 33,946 shares traded. Agilysys, Inc. (NASDAQ:AGYS) has declined 6.49% since January 13, 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’ (AGYS) CEO Ramesh Srinivasan on Q3 2017 Results – Earnings Call …” on February 10, 2017, also Businesswire.com with their article: “Soboba Casino Resort to Implement Agilysys Hospitality Management Solutions to …” published on January 04, 2018, Businesswire.com published: “Agilysys to Report Fiscal 2018 Third Quarter Results on January 25 and Host …” on January 11, 2018. More interesting news about Agilysys, Inc. (NASDAQ:AGYS) were released by: Businesswire.com and their article: “Hospitality Industry Veteran Don DeMarinis to Join Agilysys as Senior Vice …” published on January 12, 2018 as well as Businesswire.com‘s news article titled: “Agilysys Provides Property Management Software to Hospitality School to …” with publication date: September 22, 2017.

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