Agilysys, Inc. (NASDAQ:AGYS) Insider Sells $26,627.04 in Stock

Agilysys, Inc. (NASDAQ:AGYS) insider Chris J. Robertson sold 264 shares of Agilysys stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the sale, the insider now directly owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Agilysys Price Performance

AGYS stock traded up $0.56 during midday trading on Monday, reaching $102.95. 249,769 shares of the stock were exchanged, compared to its average volume of 215,814. The stock has a market capitalization of $2.88 billion, a PE ratio of 29.17 and a beta of 0.85. Agilysys, Inc. has a 52 week low of $73.52 and a 52 week high of $125.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 2.34. The company has a fifty day moving average price of $108.50 and a 200 day moving average price of $102.08.

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

Institutional Investors Weigh In On Agilysys

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Agilysys by 12.3% during the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after acquiring an additional 217,008 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Agilysys by 13.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after buying an additional 87,549 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in shares of Agilysys by 10.6% in the 1st quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock worth $57,805,000 after buying an additional 65,672 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Agilysys by 91.6% during the first quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker’s stock valued at $2,797,000 after purchasing an additional 15,870 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Agilysys during the second quarter valued at about $1,847,000. Institutional investors own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

AGYS has been the subject of several analyst reports. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a report on Thursday. Northland Securities reaffirmed an “outperform” rating and issued a $145.00 price objective (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Agilysys in a report on Tuesday, October 29th. Oppenheimer lifted their price objective on Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Finally, Craig Hallum lifted their price objective on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.80.

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.