Agilysys, Inc. (NASDAQ:AGYS) Director Sells $113,690.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $113.69, for a total value of $113,690.00. Following the completion of the sale, the director now directly owns 36,326 shares of the company’s stock, valued at approximately $4,129,902.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Agilysys Trading Up 2.9 %

Shares of Agilysys stock traded up $3.12 during trading hours on Thursday, reaching $112.32. 163,373 shares of the company’s stock were exchanged, compared to its average volume of 215,808. Agilysys, Inc. has a 52-week low of $63.78 and a 52-week high of $114.70. The company has a fifty day moving average of $106.55 and a 200-day moving average of $92.82. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 35.54 and a beta of 0.82.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, July 22nd. The software maker reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The firm had revenue of $63.50 million during the quarter, compared to analyst estimates of $64.52 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts anticipate that Agilysys, Inc. will post 0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AGYS has been the subject of several recent analyst reports. Craig Hallum raised their price objective on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Agilysys in a report on Tuesday, July 23rd. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. William Blair started coverage on shares of Agilysys in a research report on Monday, June 24th. They issued an “outperform” rating on the stock. Finally, Oppenheimer lifted their price objective on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $122.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Agilysys by 12.3% in the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after purchasing an additional 217,008 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Agilysys by 439.5% in the 1st quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock valued at $84,903,000 after purchasing an additional 820,840 shares during the last quarter. Fred Alger Management LLC boosted its holdings in shares of Agilysys by 1.9% in the 2nd 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 last quarter. Lord Abbett & CO. LLC grew its stake in shares of 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 buying an additional 87,549 shares during the period. Finally, Geneva Capital Management LLC increased its holdings in shares of Agilysys by 10.6% during the 1st quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock worth $57,805,000 after buying an additional 65,672 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

About Agilysys

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.