Agilysys (NASDAQ:AGYS) Shares Gap Down on Insider Selling

Agilysys, Inc. (NASDAQ:AGYS)’s stock price gapped down before the market opened on Wednesday after an insider sold shares in the company. The stock had previously closed at $125.90, but opened at $95.00. Agilysys shares last traded at $100.30, with a volume of 289,361 shares trading hands.

Specifically, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $125.49, for a total transaction of $941,175.00. Following the sale, the director now directly owns 248,076 shares of the company’s stock, valued at $31,131,057.24. The trade was a 2.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $128.17, for a total transaction of $961,275.00. Following the sale, the director now directly owns 255,576 shares in the company, valued at approximately $32,757,175.92. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AGYS shares. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Securities upped their price target on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Needham & Company LLC decreased their price objective on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday. Oppenheimer decreased their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Craig Hallum decreased their price objective on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

Agilysys Price Performance

The stock’s fifty day simple moving average is $131.84 and its 200-day simple moving average is $116.90. The company has a market capitalization of $2.81 billion, a P/E ratio of 28.68 and a beta of 0.94. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $69.60 million during the quarter, compared to analyst estimates of $73,149.20 billion. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. On average, equities analysts forecast that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Eagle Asset Management Inc. raised its position in shares of Agilysys by 59.1% during the third quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock valued at $16,959,000 after buying an additional 53,026 shares during the last quarter. State Street Corp raised its position in Agilysys by 5.0% in the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after purchasing an additional 43,760 shares in the last quarter. Geode Capital Management LLC raised its position in 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 purchasing an additional 30,655 shares in the last quarter. CWM LLC raised its position in Agilysys by 169.2% in the third quarter. CWM LLC now owns 673 shares of the software maker’s stock worth $73,000 after purchasing an additional 423 shares in the last quarter. Finally, Lisanti Capital Growth LLC acquired a new position in Agilysys in the third quarter worth about $1,785,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.