Agilysys, Inc. (NASDAQ:AGYS) Director Sells $977,175.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $130.29, for a total transaction of $977,175.00. Following the transaction, the director now directly owns 293,076 shares in the company, valued at $38,184,872.04. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.04, for a total value of $990,300.00.
• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.34, for a total value 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 value of $979,125.00.

Agilysys Trading Down 4.8 %

Shares of AGYS opened at $128.08 on Friday. The stock’s 50-day moving average price is $130.08 and its 200 day moving average price is $115.50. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. Agilysys, Inc. has a 12-month low of $73.52 and a 12-month high of $142.64. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 36.49 and a beta of 0.94.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. Agilysys’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.25 earnings per share. As a group, research analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Institutional Trading of Agilysys

Institutional investors have recently made changes to their positions in the business. Eagle Asset Management Inc. raised its position in Agilysys by 59.1% in the third quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock worth $16,959,000 after purchasing an additional 53,026 shares in the last quarter. State Street Corp raised its holdings in shares of Agilysys by 5.0% in the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after buying an additional 43,760 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Agilysys by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after buying an additional 30,655 shares during the period. Seven Eight Capital LP bought a new stake in Agilysys in the second quarter valued at $580,000. Finally, Natixis Advisors LLC bought a new stake in Agilysys in the second quarter valued at $1,111,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.