Agilysys, Inc. (NASDAQ:AGYS) SVP Kyle C. Badger Sells 249 Shares

Agilysys, Inc. (NASDAQ:AGYS) SVP Kyle C. Badger sold 249 shares of Agilysys stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $102.03, for a total value of $25,405.47. Following the completion of the transaction, the senior vice president now directly owns 115,834 shares in the company, valued at $11,818,543.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Agilysys Stock Performance

Shares of AGYS stock opened at $104.02 on Thursday. The firm has a fifty day moving average of $93.44 and a 200-day moving average of $85.82. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 32.92 and a beta of 0.82. Agilysys, Inc. has a 52-week low of $63.78 and a 52-week high of $105.00.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $62.22 million for the quarter, compared to analysts’ expectations of $61.95 million. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. On average, sell-side analysts predict that Agilysys, Inc. will post 0.69 earnings per share for the current year.

Analysts Set New Price Targets

AGYS has been the topic of several research analyst reports. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC boosted their price target on Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. William Blair initiated coverage on Agilysys in a research report on Monday, June 24th. They issued an “outperform” rating for the company. Finally, Oppenheimer lifted their price objective on Agilysys from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Agilysys presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.33.

Hedge Funds Weigh In On Agilysys

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP grew its holdings in shares of Agilysys by 439.5% in the 1st quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock worth $84,903,000 after purchasing an additional 820,840 shares during the last quarter. Wellington Management Group LLP raised its stake 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 acquiring an additional 369,780 shares during the last quarter. Vanguard Group Inc. raised its stake 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 acquiring an additional 217,008 shares during the last quarter. Geneva Capital Management LLC boosted its holdings in shares of Agilysys by 19.9% in the 4th quarter. Geneva Capital Management LLC now owns 620,361 shares of the software maker’s stock worth $52,619,000 after acquiring an additional 102,939 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its position in Agilysys by 13.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after acquiring an additional 87,549 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

About Agilysys

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.