Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells 750 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 750 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the sale, the director now owns 31,904 shares in the company, valued at $2,403,328.32. The trade was a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, March 7th, John Mutch sold 2,000 shares of Agilysys stock. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00.

Agilysys Trading Up 1.4 %

Shares of AGYS opened at $76.58 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The company has a 50 day simple moving average of $91.36 and a two-hundred day simple moving average of $109.62. Agilysys, Inc. has a 1 year low of $71.37 and a 1 year high of $142.64. The firm has a market cap of $2.14 billion, a P/E ratio of 95.73 and a beta of 0.98.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business’s revenue was up 14.9% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. On average, equities analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Trading of Agilysys

A number of large investors have recently modified their holdings of AGYS. Advisors Asset Management Inc. raised its stake in Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings in Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after acquiring an additional 193 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Agilysys by 381.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after purchasing an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in Agilysys in the 4th quarter worth $61,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Agilysys during the fourth quarter worth about $64,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AGYS shares. Oppenheimer cut their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. Needham & Company LLC dropped their price objective on Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Northland Securities raised their target price on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Craig Hallum cut their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, UBS Group set a $100.00 target price on Agilysys in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

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.