Agilysys, Inc. (NASDAQ:AGYS – Get Free Report) CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $109.77, for a total value of $1,097,700.00. Following the completion of the transaction, the chief executive officer now owns 778,367 shares of the company’s stock, valued at $85,441,345.59. The transaction was disclosed in a filing with the SEC, which is available at this link.
Agilysys Stock Down 3.8 %
Shares of NASDAQ AGYS opened at $103.09 on Friday. The firm’s fifty day moving average is $107.82 and its 200 day moving average is $93.92. Agilysys, Inc. has a 52 week low of $63.78 and a 52 week high of $114.70. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 32.62 and a beta of 0.83.
Agilysys (NASDAQ:AGYS – Get Free Report) last released its quarterly earnings data on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $63.50 million for the quarter, compared to analysts’ expectations of $64.52 million. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 earnings per share. Equities research analysts anticipate that Agilysys, Inc. will post 0.62 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
AGYS has been the subject of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Agilysys in a research report on Tuesday, July 23rd. Craig Hallum upped their price objective on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Oppenheimer boosted their price target on shares of Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, BTIG Research raised their price objective on Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.00.
Get Our Latest Stock Analysis on AGYS
Agilysys Company Profile
Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.
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