Agilysys, Inc. (NASDAQ:AGYS) Director Sells $979,125.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00. Following the sale, the director now directly owns 330,576 shares in the company, valued at approximately $43,156,696.80. This trade represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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.

Agilysys Stock Performance

AGYS stock opened at $130.15 on Tuesday. The firm has a 50 day moving average of $127.23 and a two-hundred day moving average of $114.55. Agilysys, Inc. has a 12 month low of $73.52 and a 12 month high of $142.64. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 37.08 and a beta of 0.94. 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 (NASDAQ:AGYS) last posted its earnings results on Monday, October 28th. The software maker reported $0.34 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 for the quarter, compared to the consensus estimate of $67.54 million. During the same period in the prior year, the business posted $0.25 earnings per share. The business’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, equities analysts anticipate that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BTIG Research raised their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer upped their price objective on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Northland Securities reiterated an “outperform” rating and issued a $145.00 target price (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Finally, Needham & Company LLC boosted their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. One investment 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, Agilysys presently has a consensus rating of “Moderate Buy” and an average price target of $137.80.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AGYS. Natixis Advisors LLC acquired a new position in Agilysys during the second quarter valued at approximately $1,111,000. Rhumbline Advisers boosted its holdings in shares of Agilysys by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 50,703 shares of the software maker’s stock worth $5,280,000 after buying an additional 2,341 shares during the period. Larson Financial Group LLC bought a new stake in shares of Agilysys during the 2nd quarter worth $32,000. Victory Capital Management Inc. grew its stake in Agilysys by 24.5% in the 2nd quarter. Victory Capital Management Inc. now owns 19,180 shares of the software maker’s stock valued at $1,997,000 after buying an additional 3,777 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in Agilysys by 8.9% in the 2nd quarter. Arizona State Retirement System now owns 6,894 shares of the software maker’s stock worth $718,000 after acquiring an additional 561 shares during the period. 88.00% of the stock is owned by institutional investors.

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.