Chris J. Robertson Sells 729 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) insider Chris J. Robertson sold 729 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total value of $97,693.29. Following the transaction, the insider now owns 21,895 shares of the company’s stock, valued at approximately $2,934,148.95. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Agilysys Stock Performance

AGYS opened at $131.94 on Friday. The stock has a market cap of $3.69 billion, a PE ratio of 37.59 and a beta of 0.93. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $139.99. The stock’s 50 day simple moving average is $117.88 and its 200-day simple moving average is $108.71.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $68.30 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. Sell-side analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current year.

Institutional Trading of Agilysys

A number of institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC grew its position in Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after acquiring an additional 199 shares during the period. GAMMA Investing LLC grew its position in Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after acquiring an additional 154 shares during the period. Larson Financial Group LLC bought a new stake in Agilysys in the second quarter valued at $32,000. Advisors Asset Management Inc. grew its position in Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after acquiring an additional 182 shares during the period. Finally, NBC Securities Inc. bought a new stake in Agilysys in the third quarter valued at $46,000. 88.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AGYS. Oppenheimer upped their price target on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday. Needham & Company LLC upped their price target on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. BTIG Research upped their price target on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Northland Securities reiterated an “outperform” rating and set a $145.00 price target (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Finally, StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $137.80.

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.