Kaufman 2012 Descendants Trust Sells 7,500 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $130.34, for a total transaction of $977,550.00. Following the completion of the transaction, the director now owns 315,576 shares of the company’s stock, valued at $41,132,175.84. This represents a 2.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $979,125.00.

Agilysys Stock Performance

Shares of AGYS opened at $130.04 on Wednesday. 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 stock has a 50-day moving average of $127.60 and a two-hundred day moving average of $114.80. The stock has a market cap of $3.63 billion, a P/E ratio of 37.05 and a beta of 0.94. Agilysys, Inc. has a one year low of $73.52 and a one year high of $142.64.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Agilysys

Several institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in shares of Agilysys by 2.6% in the third quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker’s stock worth $12,630,000 after acquiring an additional 2,949 shares during the period. Lord Abbett & CO. LLC grew its position in Agilysys by 47.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock worth $115,383,000 after purchasing an additional 340,424 shares during the period. Franklin Resources Inc. raised its stake in shares of Agilysys by 434.3% during the 3rd quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock valued at $11,477,000 after buying an additional 79,764 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Agilysys by 5.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 21,987 shares of the software maker’s stock valued at $2,396,000 after buying an additional 1,155 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Agilysys by 6.2% in the third 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 last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

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.