Agilysys, Inc. (NASDAQ:AGYS) Insider Chris J. Robertson Sells 264 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) insider Chris J. Robertson sold 264 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total transaction of $26,627.04. Following the transaction, the insider now directly owns 22,624 shares of the company’s stock, valued at approximately $2,281,856.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Agilysys Price Performance

Agilysys stock opened at $102.95 on Tuesday. The firm has a fifty day moving average of $108.30 and a 200-day moving average of $102.23. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $125.73. The company has a quick ratio of 2.34, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $2.88 billion, a P/E ratio of 29.33 and a beta of 0.85.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. As a group, analysts predict that Agilysys, Inc. will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Agilysys

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Agilysys by 12.3% in the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after acquiring an additional 217,008 shares during the period. Fred Alger Management LLC boosted its stake in shares of Agilysys by 1.9% in the second quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock valued at $97,689,000 after purchasing an additional 17,898 shares during the period. Lord Abbett & CO. LLC grew its holdings in Agilysys by 13.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock valued at $60,920,000 after purchasing an additional 87,549 shares in the last quarter. Geneva Capital Management LLC grew its holdings in Agilysys by 10.6% during the 1st quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock valued at $57,805,000 after purchasing an additional 65,672 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Agilysys by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 403,153 shares of the software maker’s stock worth $33,970,000 after buying an additional 20,703 shares during the period. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AGYS. BTIG Research boosted their price target on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Craig Hallum raised their target price on shares of Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer upped their price objective on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Agilysys in a report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $127.80.

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.