JPMorgan Chase & Co. has reduced its stake in Agilysys, Inc. by 19.1%, selling 66,978 shares but still owns 283,462 shares valued at approximately $29.83 million. Despite this reduction, other large institutions like Goldman Sachs, American Century Companies, and Invesco have increased their holdings, leading to institutional investors owning around 88% of the company’s stock. Agilysys recently missed its quarterly earnings estimates, reporting $0.42 EPS against an estimate of $0.46, though its revenue increased by 15.6% year-over-year.
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JPMorgan Chase & Co. Sells 66,978 Shares of Agilysys, Inc. $AGYS
JPMorgan Chase & Co. has reduced its stake in Agilysys, Inc. by 19.1%, selling 66,978 shares but still owns 283,462 shares valued at approximately $29.83 million. Despite this reduction, other large institutions like Goldman Sachs, American Century Companies, and Invesco have increased their holdings, leading to institutional investors owning around 88% of the company’s stock. Agilysys recently missed its quarterly earnings estimates, reporting $0.42 EPS against an estimate of $0.46, though its revenue increased by 15.6% year-over-year.