Agilysys, Inc. (NASDAQ:AGYS) CFO William David Wood III Sells 588 Shares

Agilysys, Inc. (NASDAQ:AGYS) CFO William David Wood III sold 588 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $59,305.68. Following the transaction, the chief financial officer now directly owns 49,479 shares in the company, valued at approximately $4,990,451.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Agilysys Price Performance

Agilysys stock opened at $102.95 on Tuesday. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $125.73. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 29.33 and a beta of 0.85. The firm has a 50-day moving average of $108.30 and a two-hundred day moving average of $102.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 2.34.

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

Hedge Funds Weigh In On Agilysys

Several hedge funds and other institutional investors have recently modified their holdings of AGYS. Vanguard Group Inc. increased its holdings in 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 purchasing an additional 217,008 shares during the last quarter. Fred Alger Management LLC raised its stake in Agilysys by 1.9% during the 2nd quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock valued at $97,689,000 after acquiring an additional 17,898 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in shares of Agilysys by 13.8% during the first quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after purchasing an additional 87,549 shares during the period. Geneva Capital Management LLC increased its stake in shares of Agilysys by 10.6% during the first quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock worth $57,805,000 after acquiring an additional 65,672 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Agilysys by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 403,153 shares of the software maker’s stock valued at $33,970,000 after purchasing an additional 20,703 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AGYS. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Northland Securities restated an “outperform” rating and set a $145.00 target price (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Craig Hallum lifted their price target on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Needham & Company LLC restated a “buy” rating and issued a $125.00 price objective on shares of Agilysys in a report on Tuesday, October 29th. Finally, BTIG Research upped their target price on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Agilysys has an average 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.