Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells $56,497.50 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 750 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the sale, the director now directly owns 31,904 shares in the company, valued at $2,403,328.32. This trade represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

John Mutch also recently made the following trade(s):

• On Friday, March 7th, John Mutch sold 2,000 shares of Agilysys stock. The stock was sold at an average price of $77.87, for a total transaction of $155,740.00.

Agilysys Stock Performance

Shares of AGYS opened at $73.73 on Friday. The firm has a 50-day moving average price of $89.08 and a 200 day moving average price of $109.11. The firm has a market capitalization of $2.06 billion, a PE ratio of 92.16 and a beta of 0.98. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. Agilysys, Inc. has a 52-week low of $71.37 and a 52-week high of $142.64.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The firm 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%. Agilysys’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, sell-side analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Agilysys

A number of institutional investors and hedge funds have recently bought and sold shares of AGYS. Invesco Ltd. lifted its holdings in Agilysys by 412.9% in the 4th quarter. Invesco Ltd. now owns 727,794 shares of the software maker’s stock valued at $95,858,000 after acquiring an additional 585,886 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Agilysys by 521.7% in the 4th quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker’s stock valued at $80,347,000 after acquiring an additional 511,900 shares during the last quarter. FMR LLC lifted its holdings in Agilysys by 1,197.1% in the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock valued at $55,105,000 after acquiring an additional 466,704 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Agilysys by 729.1% in the 4th quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker’s stock valued at $52,487,000 after acquiring an additional 350,441 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in Agilysys by 47.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after acquiring an additional 340,424 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

About Agilysys

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.