Agilysys, Inc. (NASDAQ:AGYS) CEO Ramesh Srinivasan Sells 10,000 Shares

Agilysys, Inc. (NASDAQ:AGYS) 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) 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

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after buying an additional 154 shares during the period. CWM LLC boosted its holdings in Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after acquiring an additional 199 shares in the last quarter. Larson Financial Group LLC purchased a new position in Agilysys during the 2nd quarter valued at $32,000. YHB Investment Advisors Inc. bought a new position in Agilysys in the 1st quarter worth $35,000. Finally, RiverPark Advisors LLC raised its holdings in Agilysys by 361.1% in the 1st quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock worth $149,000 after purchasing an additional 1,383 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

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.

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.