John Mutch Sells 750 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 750 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the transaction, the director now owns 31,904 shares in the company, valued at $2,403,328.32. The trade was a 2.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

John Mutch also recently made the following trade(s):

• On Friday, March 7th, John Mutch sold 2,000 shares of Agilysys stock. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00.

Agilysys Price Performance

Shares of AGYS opened at $75.09 on Friday. The stock has a market cap of $2.10 billion, a PE ratio of 93.86 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. Agilysys, Inc. has a fifty-two week low of $71.37 and a fifty-two week high of $142.64. The firm’s 50-day simple moving average is $90.17 and its two-hundred day simple moving average is $109.38.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share. Analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on AGYS. Oppenheimer decreased their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. Craig Hallum reduced their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. UBS Group set a $100.00 price target on shares of Agilysys in a research report on Wednesday, March 5th. Northland Securities boosted their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reduced their price target on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $127.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AGYS. Invesco Ltd. lifted its stake in shares of Agilysys by 412.9% in the fourth quarter. Invesco Ltd. now owns 727,794 shares of the software maker’s stock worth $95,858,000 after buying an additional 585,886 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Agilysys by 521.7% in the fourth quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker’s stock worth $80,347,000 after buying an additional 511,900 shares in the last quarter. FMR LLC lifted its stake in shares of Agilysys by 1,197.1% in the third quarter. FMR LLC now owns 505,690 shares of the software maker’s stock worth $55,105,000 after buying an additional 466,704 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Agilysys by 729.1% in the fourth quarter. JPMorgan Chase & Co. now owns 398,508 shares of the software maker’s stock worth $52,487,000 after buying an additional 350,441 shares in the last quarter. Finally, Lord Abbett & CO. LLC lifted its position in Agilysys by 47.4% during the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after purchasing an additional 340,424 shares during the period. Institutional investors 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.