Agilysys, Inc. (NASDAQ:AGYS) Director Sells $979,125.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.55, for a total transaction of $979,125.00. Following the completion of the transaction, the director now directly owns 330,576 shares of the company’s stock, valued at $43,156,696.80. This trade represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kaufman 2012 Descendants Trust also recently made the following trade(s):

• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00.

Agilysys Price Performance

Shares of NASDAQ:AGYS opened at $134.56 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.76 billion, a PE ratio of 38.34 and a beta of 0.94. The firm’s 50 day moving average price is $128.87 and its 200-day moving average price is $115.16. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $142.64.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.54 million. During the same period last year, the firm earned $0.25 earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. Equities research analysts expect that Agilysys, Inc. will post 0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on AGYS shares. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. BTIG Research lifted their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. Needham & Company LLC upped their target price on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Oppenheimer raised their price target on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Northland Securities boosted their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday. One 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $146.00.

Institutional Trading of Agilysys

Hedge funds have recently bought and sold shares of the stock. Eagle Asset Management Inc. lifted its position in shares of Agilysys by 59.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock valued at $16,959,000 after buying an additional 53,026 shares in the last quarter. State Street Corp lifted its holdings in Agilysys by 5.0% during the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after purchasing an additional 43,760 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Agilysys by 6.2% during the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after purchasing an additional 30,655 shares in the last quarter. Seven Eight Capital LP purchased a new stake in shares of Agilysys in the second quarter worth $580,000. Finally, Natixis Advisors LLC bought a new stake in shares of Agilysys during the 2nd quarter valued at $1,111,000. Institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

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.