Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells $52,120.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 500 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $104.24, for a total value of $52,120.00. Following the sale, the director now directly owns 35,858 shares in the company, valued at approximately $3,737,837.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

John Mutch also recently made the following trade(s):

• On Thursday, August 29th, John Mutch sold 1,000 shares of Agilysys stock. The stock was sold at an average price of $113.69, for a total transaction of $113,690.00.

Agilysys Trading Up 1.3 %

Shares of AGYS opened at $118.81 on Friday. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $125.73. The firm has a market capitalization of $3.32 billion, a P/E ratio of 33.85 and a beta of 0.85. 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’s fifty day simple moving average is $108.51 and its 200 day simple moving average is $102.97.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. During the same period in the previous year, the company posted $0.25 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts forecast that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Agilysys by 12.3% in the 1st 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 period. Lord Abbett & CO. LLC increased its holdings in Agilysys by 13.8% in 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. BNP Paribas Financial Markets increased its holdings in Agilysys by 91.6% in the 1st quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker’s stock valued at $2,797,000 after purchasing an additional 15,870 shares in the last quarter. SG Americas Securities LLC purchased a new position in Agilysys in the second quarter valued at about $1,847,000. Finally, UniSuper Management Pty Ltd acquired a new position in shares of Agilysys during the first quarter worth about $388,000. 88.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AGYS has been the topic of several recent analyst reports. Oppenheimer upped their price objective on shares of Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Northland Securities reissued an “outperform” rating and set a $145.00 price target (up previously from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Craig Hallum increased their target price on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Finally, BTIG Research lifted their price target on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus 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.