Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch Sells 500 Shares

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 500 shares of Agilysys stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $137.86, for a total value of $68,930.00. Following the completion of the transaction, the director now owns 34,654 shares of the company’s stock, valued at approximately $4,777,400.44. The trade was a 1.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

John Mutch also recently made the following trade(s):

• On Tuesday, November 5th, John Mutch sold 500 shares of Agilysys stock. The stock was sold at an average price of $104.24, for a total value of $52,120.00.
• On Thursday, August 29th, John Mutch sold 1,000 shares of Agilysys stock. The shares were sold at an average price of $113.69, for a total transaction of $113,690.00.

Agilysys Price Performance

Shares of AGYS traded down $0.08 during trading hours on Tuesday, hitting $137.72. 233,766 shares of the company were exchanged, compared to its average volume of 217,059. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The company has a market capitalization of $3.85 billion, a PE ratio of 39.24 and a beta of 0.85. The firm has a fifty day simple moving average of $114.09 and a 200-day simple moving average of $106.96. Agilysys, Inc. has a one year low of $73.52 and a one year high of $139.99.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $68.30 million during 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 revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the company posted $0.25 EPS. As a group, sell-side analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AGYS shares. Northland Securities reaffirmed an “outperform” rating and set a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Oppenheimer upped their target price on Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. BTIG Research upped their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC increased their price target on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.80.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Agilysys by 12.3% in the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after purchasing an additional 217,008 shares during the period. Fred Alger Management LLC lifted its holdings in shares of Agilysys by 1.9% in the second quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock valued at $97,689,000 after purchasing an additional 17,898 shares in the last quarter. State Street Corp boosted its position in shares of Agilysys by 5.0% in the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after buying an additional 43,760 shares during the period. Geneva Capital Management LLC grew its holdings in shares of Agilysys by 0.4% during the third quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock valued at $73,597,000 after buying an additional 2,687 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Agilysys by 6.2% during the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after buying an additional 30,655 shares during the period. 88.00% of the stock is owned by hedge funds and other institutional investors.

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.