Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch Sells 750 Shares

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 750 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the sale, the director now owns 31,904 shares of the company’s stock, valued at approximately $2,403,328.32. This represents a 2.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, March 7th, John Mutch sold 2,000 shares of Agilysys stock. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00.

Agilysys Trading Up 3.7 %

Shares of AGYS traded up $2.82 during trading hours on Wednesday, hitting $78.32. The stock had a trading volume of 24,537 shares, compared to its average volume of 244,279. Agilysys, Inc. has a 12-month low of $71.37 and a 12-month high of $142.64. The firm has a market cap of $2.19 billion, a P/E ratio of 97.59 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The company’s fifty day simple moving average is $92.52 and its 200 day simple moving average is $109.85.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $69.60 million during the quarter, compared to analyst estimates of $73.15 million. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share. Equities research analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AGYS has been the topic of a number of recent research reports. UBS Group set a $100.00 target price on Agilysys in a report on Wednesday, March 5th. Oppenheimer dropped their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. Craig Hallum reduced their price objective on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Needham & Company LLC dropped their target price on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Northland Securities upped their target price on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. raised its stake in Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after buying an additional 182 shares in the last quarter. Harbor Investment Advisory LLC increased its stake in shares of Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after purchasing an additional 193 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Agilysys by 381.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after buying an additional 336 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Agilysys during the fourth quarter valued at about $61,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Agilysys in the fourth quarter worth approximately $64,000. 88.00% of the stock is owned by institutional investors and hedge funds.

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.