Agilysys, Inc. (NASDAQ:AGYS) Director Sells $946,950.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction on Monday, January 13th. The stock was sold at an average price of $126.26, for a total transaction of $946,950.00. Following the completion of the transaction, the director now directly owns 285,576 shares in the company, valued at $36,056,825.76. This represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 value of $997,350.00.
• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.29, for a total value of $977,175.00.
• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.04, for a total value 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 transaction 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 transaction of $979,125.00.

Agilysys Price Performance

Shares of AGYS opened at $132.75 on Thursday. The business’s 50-day moving average is $131.45 and its two-hundred day moving average is $116.19. The company has a market capitalization of $3.71 billion, a P/E ratio of 37.82 and a beta of 0.94. Agilysys, Inc. has a fifty-two week low of $73.52 and a fifty-two week high of $142.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. During the same period last year, the company earned $0.25 earnings per share. Agilysys’s revenue for the quarter was up 16.6% compared to the same quarter last year. Research analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AGYS shares. Northland Securities lifted their price objective 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. BTIG Research raised their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Oppenheimer raised their price objective on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC lifted their target price on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. One equities 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, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.00.

Institutional Investors Weigh In On Agilysys

A number of institutional investors have recently modified their holdings of the business. Eagle Asset Management Inc. raised its stake 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 worth $16,959,000 after buying an additional 53,026 shares during the period. State Street Corp grew its stake in 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 acquiring an additional 43,760 shares during the period. Geode Capital Management LLC increased its holdings in Agilysys by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after acquiring an additional 30,655 shares in the last quarter. Seven Eight Capital LP acquired a new position in Agilysys during the second quarter worth $580,000. Finally, CWM LLC lifted its holdings in Agilysys by 169.2% during the third quarter. CWM LLC now owns 673 shares of the software maker’s stock valued at $73,000 after purchasing an additional 423 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

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.