Agilysys, Inc. (NASDAQ:AGYS) Director Sells $4,431,600.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Mak Capital One Llc sold 45,000 shares of Agilysys stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $98.48, for a total value of $4,431,600.00. Following the completion of the transaction, the director now directly owns 1,253,407 shares in the company, valued at $123,435,521.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Mak Capital One Llc also recently made the following trade(s):

• On Friday, June 21st, Mak Capital One Llc sold 61,035 shares of Agilysys stock. The stock was sold at an average price of $96.43, for a total value of $5,885,605.05.
• On Friday, June 14th, Mak Capital One Llc sold 38,539 shares of Agilysys stock. The stock was sold at an average price of $90.85, for a total value of $3,501,268.15.
• On Wednesday, June 12th, Mak Capital One Llc sold 33,933 shares of Agilysys stock. The stock was sold at an average price of $92.75, for a total value of $3,147,285.75.
• On Monday, June 10th, Mak Capital One Llc sold 25,747 shares of Agilysys stock. The stock was sold at an average price of $92.88, for a total value of $2,391,381.36.
• On Friday, June 7th, Mak Capital One Llc sold 66,795 shares of Agilysys stock. The stock was sold at an average price of $93.80, for a total value of $6,265,371.00.
• On Wednesday, June 5th, Mak Capital One Llc sold 28,429 shares of Agilysys stock. The stock was sold at an average price of $95.44, for a total value of $2,713,263.76.
• On Monday, June 3rd, Mak Capital One Llc sold 47,562 shares of Agilysys stock. The shares were sold at an average price of $93.59, for a total value of $4,451,327.58.
• On Thursday, May 30th, Mak Capital One Llc sold 27,796 shares of Agilysys stock. The shares were sold at an average price of $94.59, for a total value of $2,629,223.64.
• On Tuesday, May 28th, Mak Capital One Llc sold 116,653 shares of Agilysys stock. The shares were sold at an average price of $100.12, for a total value of $11,679,298.36.
• On Friday, May 24th, Mak Capital One Llc sold 39,955 shares of Agilysys stock. The shares were sold at an average price of $103.34, for a total value of $4,128,949.70.

Agilysys Stock Up 3.1 %

AGYS stock traded up $3.04 during trading on Tuesday, reaching $101.47. 239,255 shares of the company’s stock were exchanged, compared to its average volume of 217,744. Agilysys, Inc. has a 1-year low of $63.08 and a 1-year high of $105.00. The company’s fifty day moving average price is $90.64 and its 200-day moving average price is $84.83. The firm has a market cap of $2.79 billion, a PE ratio of 32.11 and a beta of 0.78.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Agilysys had a return on equity of 15.52% and a net margin of 36.30%. The company had revenue of $62.22 million during the quarter, compared to analyst estimates of $61.95 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts expect that Agilysys, Inc. will post 0.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AGYS has been the subject of a number of research analyst reports. Oppenheimer boosted their price target on Agilysys from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. StockNews.com upgraded Agilysys from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. William Blair initiated coverage on Agilysys in a research report on Monday. They set an “outperform” rating for the company. Finally, Needham & Company LLC boosted their price objective on Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Agilysys presently has an average rating of “Buy” and a consensus target price of $103.33.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AGYS. Wasatch Advisors LP boosted its position in Agilysys by 439.5% during the 1st quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock worth $84,903,000 after acquiring an additional 820,840 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Agilysys by 159.4% in the third quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock valued at $39,814,000 after buying an additional 369,780 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 during the period. Geneva Capital Management LLC lifted its holdings in shares of Agilysys by 19.9% in the fourth quarter. Geneva Capital Management LLC now owns 620,361 shares of the software maker’s stock valued at $52,619,000 after buying an additional 102,939 shares during the period. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Agilysys by 13.8% in the first quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock valued at $60,920,000 after buying an additional 87,549 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Company Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.