Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust Sells 7,500 Shares

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $128.17, for a total transaction of $961,275.00. Following the completion of the transaction, the director now owns 255,576 shares of the company’s stock, valued at $32,757,175.92. This trade represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, January 21st, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $125.49, for a total transaction of $941,175.00.
• On Wednesday, January 15th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.98, for a total value of $997,350.00.
• On Monday, January 13th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $126.26, for a total value of $946,950.00.
• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.29, for a total value 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 transaction 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 transaction of $977,550.00.
• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.55, for a total transaction of $979,125.00.

Agilysys Stock Performance

Shares of NASDAQ AGYS opened at $125.90 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The firm has a market cap of $3.52 billion, a P/E ratio of 35.87 and a beta of 0.94. The stock has a fifty day moving average price of $131.80 and a two-hundred day moving average price of $116.74. Agilysys, Inc. has a 1 year low of $74.03 and a 1 year high of $142.64.

Agilysys (NASDAQ:AGYS) last issued its quarterly 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. The company had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73,149.20 billion. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. Agilysys’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. Research analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Agilysys

Institutional investors and hedge funds have recently modified their holdings of the stock. Linden Thomas Advisory Services LLC raised its holdings in Agilysys by 21.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 3,065 shares of the software maker’s stock worth $404,000 after buying an additional 535 shares during the period. SG Americas Securities LLC raised its holdings in shares of Agilysys by 320.5% during the fourth quarter. SG Americas Securities LLC now owns 4,192 shares of the software maker’s stock valued at $552,000 after acquiring an additional 3,195 shares during the period. Harbor Investment Advisory LLC lifted its position in shares of Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after acquiring an additional 193 shares in the last quarter. Albert D Mason Inc. boosted its stake in Agilysys by 2.3% in the 4th quarter. Albert D Mason Inc. now owns 11,798 shares of the software maker’s stock worth $1,554,000 after purchasing an additional 267 shares during the period. Finally, Principal Financial Group Inc. grew its position in Agilysys by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker’s stock worth $12,630,000 after purchasing an additional 2,949 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on AGYS shares. BTIG Research upped their price objective on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Northland Securities raised their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Oppenheimer boosted their target price on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Needham & Company LLC increased their price objective on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $146.00.

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.