Agilysys, Inc. (NASDAQ:AGYS) Director Sells $155,740.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $77.87, for a total value of $155,740.00. Following the sale, the director now owns 32,654 shares of the company’s stock, valued at approximately $2,542,766.98. This trade represents a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Agilysys Price Performance

AGYS opened at $73.96 on Tuesday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 92.45 and a beta of 0.98. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average price is $99.33 and its 200 day moving average price is $111.42. Agilysys, Inc. has a 12-month low of $72.98 and a 12-month high of $142.64.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $69.60 million during the quarter, compared to analyst estimates of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share. As a group, sell-side analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AGYS shares. Oppenheimer lowered their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. Northland Securities lifted their target price on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. UBS Group set a $100.00 target price on shares of Agilysys in a research report on Wednesday, March 5th. Craig Hallum lowered their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC decreased their target price on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

Hedge Funds Weigh In On Agilysys

Several institutional investors have recently modified their holdings of AGYS. Vanguard Group Inc. raised its stake in shares of Agilysys by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 2,209,274 shares of the software maker’s stock valued at $290,983,000 after acquiring an additional 58,926 shares in the last quarter. Lord Abbett & CO. LLC raised its position in Agilysys by 10.3% in the 4th quarter. Lord Abbett & CO. LLC now owns 1,167,685 shares of the software maker’s stock valued at $153,796,000 after purchasing an additional 108,827 shares in the last quarter. State Street Corp boosted its stake in shares of Agilysys by 5.0% in the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after buying an additional 43,760 shares during the period. FMR LLC grew its position in shares of Agilysys by 58.3% during the fourth quarter. FMR LLC now owns 800,521 shares of the software maker’s stock worth $105,437,000 after buying an additional 294,831 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Agilysys by 412.9% during the fourth quarter. Invesco Ltd. now owns 727,794 shares of the software maker’s stock worth $95,858,000 after buying an additional 585,886 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.