Agilysys, Inc. (NASDAQ:AGYS) Director Sells $961,275.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $128.17, for a total value of $961,275.00. Following the sale, the director now directly owns 255,576 shares in the company, valued at $32,757,175.92. This represents a 2.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kaufman 2012 Descendants Trust also recently made the following trade(s):

• On Tuesday, January 21st, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $125.49, for a total value of $941,175.00.
• On Wednesday, January 15th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.98, for a total transaction of $997,350.00.
• On Monday, January 13th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $126.26, for a total transaction of $946,950.00.
• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.29, for a total transaction of $977,175.00.
• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $132.04, for a total transaction of $990,300.00.
• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.34, for a total value of $977,550.00.
• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.55, for a total value of $979,125.00.

Agilysys Trading Up 3.4 %

Shares of AGYS traded up $4.09 during trading hours on Tuesday, hitting $125.90. 678,600 shares of the stock were exchanged, compared to its average volume of 254,297. Agilysys, Inc. has a fifty-two week low of $74.03 and a fifty-two week high of $142.64. The business has a 50-day moving average of $131.80 and a 200-day moving average of $116.74. The firm has a market capitalization of $3.52 billion, a P/E ratio of 35.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73,149.20 billion. During the same period last year, the business posted $0.35 EPS. The business’s revenue was up 14.9% compared to the same quarter last year. On average, research analysts expect that Agilysys, Inc. will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Agilysys

Institutional investors and hedge funds have recently modified their holdings of the business. Eagle Asset Management Inc. lifted its position in shares of Agilysys by 59.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock valued at $16,959,000 after acquiring an additional 53,026 shares during the period. State Street Corp increased its stake in Agilysys by 5.0% in the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after purchasing an additional 43,760 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Agilysys by 6.2% during the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after purchasing an additional 30,655 shares during the period. CWM LLC boosted its position in shares of Agilysys by 169.2% during the 3rd quarter. CWM LLC now owns 673 shares of the software maker’s stock worth $73,000 after purchasing an additional 423 shares in the last quarter. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of Agilysys in the 3rd quarter valued at about $1,785,000. 88.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on AGYS. Northland Securities boosted their target price on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. BTIG Research raised their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Needham & Company LLC upped their price target on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Oppenheimer increased their price target on Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Agilysys has an average rating of “Moderate Buy” and a consensus target price of $146.00.

Agilysys Company Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.