John Mutch Sells 2,000 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

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

Agilysys Stock Performance

Shares of NASDAQ:AGYS traded down $4.05 on Monday, hitting $73.96. The company’s stock had a trading volume of 338,733 shares, compared to its average volume of 415,967. Agilysys, Inc. has a 12 month low of $72.98 and a 12 month high of $142.64. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 92.45 and a beta of 0.98. The stock’s 50-day moving average is $99.33 and its two-hundred day moving average is $111.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. During the same quarter in the prior year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities research analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AGYS. Synergy Asset Management LLC increased its position in shares of Agilysys by 19.1% during the 4th quarter. Synergy Asset Management LLC now owns 86,080 shares of the software maker’s stock valued at $11,157,000 after purchasing an additional 13,785 shares during the period. Eagle Asset Management Inc. increased 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 purchasing an additional 53,026 shares during the period. State Street Corp increased its position in shares of Agilysys by 5.0% during the 3rd 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 during the period. Geode Capital Management LLC increased its position in shares of Agilysys by 6.2% during the 3rd 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. Finally, Shaker Investments LLC OH acquired a new position in shares of Agilysys during the 4th quarter valued at $1,084,000. Institutional investors own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

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