Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells 7,500 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $125.49, for a total value of $941,175.00. Following the completion of the transaction, the director now owns 248,076 shares in the company, valued at approximately $31,131,057.24. This represents a 2.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kaufman 2012 Descendants Trust also recently made the following trade(s):

• On Friday, January 17th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $128.17, for a total value of $961,275.00.
• On Wednesday, January 15th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $132.98, for a total transaction of $997,350.00.
• On Monday, January 13th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $126.26, for a total transaction of $946,950.00.
• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.29, for a total transaction of $977,175.00.
• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $132.04, for a total value of $990,300.00.
• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.34, for a total value of $977,550.00.
• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.55, for a total value of $979,125.00.

Agilysys Stock Up 3.4 %

Shares of AGYS traded up $4.09 on Tuesday, reaching $125.90. The company’s stock had a trading volume of 678,600 shares, compared to its average volume of 254,297. The stock has a market capitalization of $3.52 billion, a PE ratio of 35.87 and a beta of 0.94. 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 twelve month low of $74.03 and a twelve month high of $142.64. The firm has a fifty day moving average of $131.80 and a 200-day moving average of $116.74.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company had revenue of $69.60 million for the quarter, compared to analyst estimates of $73,149.20 billion. During the same quarter last year, the company earned $0.35 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. Equities analysts predict that Agilysys, Inc. will post 0.81 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on AGYS shares. Northland Securities increased their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Needham & Company LLC increased their price objective on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Oppenheimer boosted their target price on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. BTIG Research increased 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. Finally, StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $146.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC increased its stake in Agilysys by 47.4% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after buying an additional 340,424 shares during the last quarter. Fred Alger Management LLC increased its position in shares of Agilysys by 1.9% during the second quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock valued at $97,689,000 after acquiring an additional 17,898 shares during the last quarter. State Street Corp increased its position in shares of Agilysys by 5.0% during the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after acquiring an additional 43,760 shares during the last quarter. Geneva Capital Management LLC lifted its holdings in Agilysys by 0.4% during the third quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock worth $73,597,000 after acquiring an additional 2,687 shares during the period. Finally, Geode Capital Management LLC grew its stake in Agilysys by 6.2% in 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. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

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.