Agilysys (NASDAQ:AGYS) Shares Down 4% on Insider Selling

Agilysys, Inc. (NASDAQ:AGYS)’s share price traded down 4% during trading on Wednesday following insider selling activity. The company traded as low as $131.99 and last traded at $132.21. 32,406 shares were traded during trading, a decline of 85% from the average session volume of 216,228 shares. The stock had previously closed at $137.72.

Specifically, Director John Mutch sold 500 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $137.86, for a total value of $68,930.00. Following the sale, the director now owns 34,654 shares in the company, valued at approximately $4,777,400.44. This represents a 1.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Needham & Company LLC increased their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. Northland Securities restated an “outperform” rating and set a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Oppenheimer upped their target price on Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, BTIG Research lifted their price target on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.80.

Agilysys Stock Performance

The stock’s 50-day simple moving average is $114.09 and its 200-day simple moving average is $106.96. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 39.24 and a beta of 0.85. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.

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

Hedge Funds Weigh In On Agilysys

Several hedge funds and other institutional investors have recently modified their holdings of AGYS. Vanguard Group Inc. boosted its stake in Agilysys by 12.3% in the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after buying an additional 217,008 shares in the last quarter. Fred Alger Management LLC raised 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 in the last quarter. State Street Corp lifted its holdings in shares of Agilysys by 5.0% in the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after acquiring an additional 43,760 shares during the last quarter. Geneva Capital Management LLC boosted 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 in 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 valued at $57,614,000 after purchasing an additional 30,655 shares during the last quarter. 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.