Agilysys, Inc. (NASDAQ:AGYS) SVP Sells $47,505.06 in Stock

Agilysys, Inc. (NASDAQ:AGYS) SVP Kyle C. Badger sold 471 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $47,505.06. Following the sale, the senior vice president now directly owns 115,117 shares in the company, valued at $11,610,700.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Agilysys Trading Up 11.1 %

Shares of AGYS opened at $115.73 on Thursday. The stock has a fifty day moving average of $108.30 and a two-hundred day moving average of $102.48. 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 company has a market capitalization of $3.23 billion, a PE ratio of 32.97 and a beta of 0.85. Agilysys, Inc. has a fifty-two week low of $73.52 and a fifty-two week high of $125.73.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The business had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. As a group, analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current year.

Institutional Trading of Agilysys

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. CWM LLC increased its holdings in Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after purchasing an additional 199 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Agilysys in the 2nd quarter valued at $32,000. NBC Securities Inc. acquired a new stake in Agilysys in the 3rd quarter valued at $46,000. Finally, Exchange Traded Concepts LLC increased its holdings in Agilysys by 76.2% in 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 in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AGYS. Oppenheimer boosted their price target on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Northland Securities reaffirmed 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. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Craig Hallum upped their target price on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Agilysys in a research note on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.80.

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.