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

by · The Cerbat Gem

Agilysys, Inc. (NASDAQ:AGYS – Get Free Report) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00. Following the sale, the director now owns 315,576 shares in the company, valued at approximately $41,132,175.84. This represents a 2.32 % decrease in their position. The transaction was disclosed in a document filed 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 Trading Down 0.1 %

Shares of AGYS opened at $130.04 on Wednesday. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $142.64. The stock has a market cap of $3.63 billion, a PE ratio of 37.05 and a beta of 0.94. The firm’s fifty day moving average is $127.60 and its two-hundred day moving average is $114.80. 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 – Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. Agilysys’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. Research analysts forecast that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AGYS has been the subject of a number of analyst reports. Needham & Company LLC upped their price target on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. BTIG Research increased their target price on Agilysys from $118.00 to $124.00 and gave the company 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 research note on Thursday, October 31st. Northland Securities upped their price objective on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Oppenheimer lifted their target price on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $146.00.

View Our Latest Report on Agilysys

Institutional Investors Weigh In On Agilysys

A number of large investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC boosted its position in shares of Agilysys by 47.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock valued at $115,383,000 after acquiring an additional 340,424 shares during the last quarter. Fred Alger Management LLC increased its stake in Agilysys by 1.9% during the second quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock worth $97,689,000 after acquiring an additional 17,898 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 valued at $100,124,000 after purchasing an additional 43,760 shares during the period. Geneva Capital Management LLC lifted its stake in shares of Agilysys by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock valued at $73,597,000 after purchasing an additional 2,687 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Agilysys by 6.2% during the 3rd 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 during the period. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

About Agilysys

(Get Free Report)

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.

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