Kaufman 2012 Descendants Trust Sells 7,500 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $128.17, for a total transaction of $961,275.00. Following the completion of the transaction, the director now directly owns 255,576 shares in the company, valued at $32,757,175.92. The trade was a 2.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, January 21st, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $125.49, for a total transaction of $941,175.00.
• On Wednesday, January 15th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.98, for a total transaction of $997,350.00.
• On Monday, January 13th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $126.26, for a total transaction of $946,950.00.
• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.29, for a total transaction of $977,175.00.
• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $132.04, for a total transaction of $990,300.00.
• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00.
• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00.

Agilysys Trading Down 5.0 %

NASDAQ:AGYS opened at $95.67 on Friday. The company has a 50-day moving average price of $131.35 and a 200-day moving average price of $116.79. Agilysys, Inc. has a 12 month low of $74.03 and a 12 month high of $142.64. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 119.59 and a beta of 0.94.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.44%. The firm had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73,149.20 billion. During the same period last year, the company posted $0.35 EPS. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Equities analysts predict that Agilysys, Inc. will post 0.81 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AGYS shares. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Craig Hallum dropped their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday. BTIG Research increased their price target on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Northland Securities increased their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Finally, Needham & Company LLC dropped their price target on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Institutional Investors Weigh In On Agilysys

Several institutional investors and hedge funds have recently modified their holdings of AGYS. Advisors Asset Management Inc. increased its stake in shares of Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Agilysys by 66.7% in the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after acquiring an additional 166 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Agilysys in the 3rd quarter worth about $46,000. Harbor Investment Advisory LLC increased its stake in shares of Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after acquiring an additional 193 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after acquiring an additional 205 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

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.