Agilysys, Inc. (NASDAQ:AGYS) Director Sells $977,550.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $130.34, for a total value of $977,550.00. Following the transaction, the director now directly owns 315,576 shares in the company, valued at $41,132,175.84. This trade represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $130.55, for a total transaction of $979,125.00.

Agilysys Price Performance

AGYS stock opened at $130.15 on Tuesday. 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 firm has a 50 day moving average price of $127.23 and a 200-day moving average price of $114.55. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $142.64. The firm has a market capitalization of $3.64 billion, a price-to-earnings ratio of 37.08 and a beta of 0.94.

Agilysys (NASDAQ:AGYS) last released 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 return on equity of 10.53% and a net margin of 37.54%. The business had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.54 million. During the same period in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities research analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Trading of Agilysys

Several institutional investors have recently bought and sold shares of AGYS. Larson Financial Group LLC bought a new position in shares of Agilysys in the second quarter worth approximately $32,000. Advisors Asset Management Inc. increased its position in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after acquiring an additional 182 shares in the last quarter. GAMMA Investing LLC raised its holdings in Agilysys by 66.7% in the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after acquiring an additional 166 shares during the last quarter. NBC Securities Inc. bought a new position in Agilysys in the 3rd quarter valued at approximately $46,000. Finally, Exchange Traded Concepts LLC boosted its stake in Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after purchasing an additional 205 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other 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.