Agilysys, Inc. (NASDAQ:AGYS) Director Sells $402,915.20 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin L. Keating sold 3,280 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $122.84, for a total transaction of $402,915.20. Following the completion of the transaction, the director now directly owns 34,407 shares of the company’s stock, valued at approximately $4,226,555.88. This trade represents a 8.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Agilysys Stock Performance

NASDAQ AGYS opened at $120.84 on Friday. The stock has a market cap of $3.38 billion, a PE ratio of 34.43 and a beta of 0.85. 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 50-day moving average of $109.41 and a 200-day moving average of $103.81. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $128.61.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) 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 firm had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. During the same period last year, the business posted $0.25 earnings per share. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Agilysys, Inc. will post 0.81 EPS for the current year.

Institutional Trading of Agilysys

Several institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in shares of Agilysys by 91.6% in the first quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker’s stock valued at $2,797,000 after acquiring an additional 15,870 shares during the period. Swiss National Bank boosted its holdings in Agilysys by 1.1% in the 1st quarter. Swiss National Bank now owns 45,500 shares of the software maker’s stock valued at $3,834,000 after purchasing an additional 500 shares during the period. Sei Investments Co. grew its position in shares of Agilysys by 6.1% during the 1st quarter. Sei Investments Co. now owns 41,437 shares of the software maker’s stock worth $3,492,000 after purchasing an additional 2,394 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Agilysys by 23.4% during the first quarter. Russell Investments Group Ltd. now owns 16,803 shares of the software maker’s stock worth $1,416,000 after purchasing an additional 3,183 shares during the period. Finally, ProShare Advisors LLC increased its holdings in shares of Agilysys by 8.2% during the first quarter. ProShare Advisors LLC now owns 4,077 shares of the software maker’s stock worth $344,000 after purchasing an additional 309 shares during the period. 88.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price objective on shares of Agilysys in a report on Tuesday, October 29th. BTIG Research increased their price target on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Northland Securities restated an “outperform” rating and set a $145.00 price objective (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Oppenheimer raised their target price on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.80.

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.