Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells 7,500 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total value of $979,125.00. Following the sale, the director now owns 330,576 shares of the company’s stock, valued at $43,156,696.80. This represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kaufman 2012 Descendants Trust also recently made the following trade(s):

• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.34, for a total value of $977,550.00.

Agilysys Stock Down 2.3 %

AGYS traded down $3.11 on Monday, reaching $130.15. The company’s stock had a trading volume of 122,939 shares, compared to its average volume of 130,180. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $142.64. The business’s 50 day moving average is $127.23 and its 200 day moving average is $114.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 37.08 and a beta of 0.94.

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

Institutional Investors Weigh In On Agilysys

A number of institutional investors have recently modified their holdings of the stock. Eagle Asset Management Inc. increased its holdings in Agilysys by 59.1% in the third quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock valued at $16,959,000 after buying an additional 53,026 shares during the last quarter. State Street Corp boosted its holdings in 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 purchasing an additional 43,760 shares during the period. Geode Capital Management LLC increased its stake in Agilysys by 6.2% during the third 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. Seven Eight Capital LP acquired a new stake in shares of Agilysys during the second quarter worth $580,000. Finally, Natixis Advisors LLC bought a new position in shares of Agilysys in the 2nd quarter worth about $1,111,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AGYS shares. BTIG Research boosted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Northland Securities reiterated an “outperform” rating and issued a $145.00 price target (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Needham & Company LLC boosted their price objective on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Oppenheimer increased their target price on Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Agilysys has an average rating of “Moderate Buy” and an average price target of $137.80.

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.