Kaufman 2012 Descendants Trust Sells 7,500 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $126.26, for a total value of $946,950.00. Following the completion of the transaction, the director now owns 285,576 shares in the company, valued at approximately $36,056,825.76. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, January 15th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $132.98, for a total value of $997,350.00.
• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.29, for a total transaction of $977,175.00.
• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.04, for a total transaction of $990,300.00.
• 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.
• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.55, for a total transaction of $979,125.00.

Agilysys Trading Up 0.2 %

AGYS stock opened at $132.97 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $142.64. The business has a 50 day simple moving average of $131.76 and a two-hundred day simple moving average of $116.31. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 37.88 and a beta of 0.94.

Agilysys (NASDAQ:AGYS) last posted its earnings results 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. The company had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. Agilysys’s quarterly revenue was up 16.6% on a year-over-year basis. During the same period last year, the company posted $0.25 earnings per share. Research analysts anticipate that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Agilysys

Several large investors have recently made changes to their positions in AGYS. US Bancorp DE boosted its stake in Agilysys by 11.2% during the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after buying an additional 122 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Agilysys by 66.7% during the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after acquiring an additional 166 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares in the last quarter. Harbor Investment Advisory LLC increased its position in Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after purchasing an additional 193 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after purchasing an additional 205 shares in the last quarter. 88.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Needham & Company LLC upped their price objective on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Northland Securities lifted their price objective on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Oppenheimer raised their target price on shares of Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, BTIG Research upped their price target on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $146.00.

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.