Agilysys (NASDAQ:AGYS) CFO Sells $693,300.00 in Stock

by · The Cerbat Gem

Agilysys, Inc. (NASDAQ:AGYS – Get Free Report) CFO William David Wood III sold 6,000 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $115.55, for a total value of $693,300.00. Following the completion of the transaction, the chief financial officer directly owned 41,288 shares in the company, valued at $4,770,828.40. This trade represents a 12.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Agilysys Stock Down 3.2%

Shares of Agilysys stock opened at $125.46 on Friday. The stock’s fifty day moving average is $110.43 and its two-hundred day moving average is $104.86. The company has a market capitalization of $3.52 billion, a PE ratio of 145.89 and a beta of 0.61. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $145.25.

Agilysys (NASDAQ:AGYS – Get Free Report) last posted its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. The firm had revenue of $36.34 million for the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. As a group, research analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Institutional Trading of Agilysys

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its position in Agilysys by 5.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,853 shares of the software maker’s stock valued at $195,000 after acquiring an additional 90 shares in the last quarter. GAMMA Investing LLC boosted its position in Agilysys by 43.2% during the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after purchasing an additional 92 shares in the last quarter. Yousif Capital Management LLC boosted its position in Agilysys by 1.1% during the second quarter. Yousif Capital Management LLC now owns 8,407 shares of the software maker’s stock valued at $964,000 after purchasing an additional 94 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Agilysys by 14.1% during the second quarter. Advisors Asset Management Inc. now owns 785 shares of the software maker’s stock valued at $90,000 after purchasing an additional 97 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its holdings in shares of Agilysys by 1.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 5,700 shares of the software maker’s stock valued at $653,000 after buying an additional 100 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Wall Street Analyst Weigh In

AGYS has been the topic of a number of research analyst reports. Oppenheimer restated an “outperform” rating on shares of Agilysys in a research note on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $140.00 price objective on shares of Agilysys in a research note on Tuesday. Wall Street Zen raised Agilysys from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a research report on Wednesday, October 8th. Finally, Zacks Research raised Agilysys from a “strong sell” rating to a “hold” rating in a research report on Monday, September 22nd. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.67.

Read Our Latest Research Report on Agilysys

Agilysys Company Profile

(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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