Melvin L. Keating Sells 1,920 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin L. Keating sold 1,920 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $117.55, for a total transaction of $225,696.00. Following the completion of the sale, the director now owns 39,587 shares of the company’s stock, valued at approximately $4,653,451.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Agilysys Price Performance

Shares of Agilysys stock opened at $125.02 on Thursday. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $128.61. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $109.05 and a two-hundred day simple moving average of $103.66. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 35.62 and a beta of 0.85.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. During the same quarter in the previous year, the company earned $0.25 EPS. The business’s revenue was up 16.6% on a year-over-year basis. Analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current year.

Institutional Trading of Agilysys

Several hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE increased its holdings in Agilysys by 11.2% in the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after buying an additional 122 shares during the period. GAMMA Investing LLC increased its holdings in Agilysys by 162.1% in the 2nd 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. RiverPark Advisors LLC increased its holdings in Agilysys by 9.6% in the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock valued at $202,000 after buying an additional 170 shares during the period. Advisors Asset Management Inc. increased its holdings in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after buying an additional 182 shares during the period. Finally, CWM LLC increased its holdings in Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after buying an additional 199 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Analyst Ratings Changes

AGYS has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Agilysys in a research note on Tuesday, October 29th. Northland Securities reiterated an “outperform” rating and issued a $145.00 price target (up previously from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Craig Hallum increased their price target 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 cut shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, Oppenheimer raised their target price on shares of Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday. One 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 presently has a consensus rating of “Moderate Buy” and an average target price of $130.80.

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.