Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) CFO Sells 163 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) CFO William David Wood III sold 163 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $102.03, for a total transaction of $16,630.89. Following the sale, the chief financial officer now directly owns 50,228 shares in the company, valued at approximately $5,124,762.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Agilysys Stock Up 0.4 %

Shares of NASDAQ AGYS traded up $0.37 during trading on Wednesday, hitting $104.02. The company had a trading volume of 53,711 shares, compared to its average volume of 217,750. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 32.92 and a beta of 0.82. The stock has a fifty day simple moving average of $93.04 and a two-hundred day simple moving average of $85.69. Agilysys, Inc. has a fifty-two week low of $63.78 and a fifty-two week high of $105.00.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, May 13th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $61.95 million. During the same period in the previous year, the firm posted $0.26 EPS. Agilysys’s revenue was up 17.6% compared to the same quarter last year. On average, analysts anticipate that Agilysys, Inc. will post 0.69 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Needham & Company LLC increased their price target on shares of Agilysys from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Oppenheimer increased their target price on shares of Agilysys from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. William Blair initiated coverage on Agilysys in a research note on Monday, June 24th. They issued an “outperform” rating for the company. Finally, StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.33.

Institutional Trading of Agilysys

A number of institutional investors have recently made changes to their positions in AGYS. RiverPark Advisors LLC raised its stake in Agilysys by 53.2% in the 4th quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock valued at $32,000 after purchasing an additional 133 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Agilysys by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 18,369 shares of the software maker’s stock worth $1,558,000 after buying an additional 146 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after buying an additional 154 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Agilysys by 6.2% in the first quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock worth $294,000 after buying an additional 204 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of Agilysys by 2.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 11,791 shares of the software maker’s stock worth $1,000,000 after buying an additional 306 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

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.