Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells 7,500 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $132.04, for a total transaction of $990,300.00. Following the transaction, the director now owns 300,576 shares of the company’s stock, valued at approximately $39,688,055.04. The trade was a 2.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.29, for a total transaction of $977,175.00.
• 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 value 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 value of $979,125.00.

Agilysys Price Performance

Agilysys stock opened at $128.08 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 36.49 and a beta of 0.94. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $142.64. The firm has a 50 day moving average price of $130.08 and a 200 day moving average price of $115.60.

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

Institutional Trading of Agilysys

Institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. lifted its position 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. GAMMA Investing LLC raised its stake in shares of Agilysys by 66.7% in 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 period. NBC Securities Inc. acquired a new position in shares of Agilysys during the 3rd quarter valued at $46,000. Exchange Traded Concepts LLC boosted its position in Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after purchasing an additional 205 shares during the period. Finally, CWM LLC increased its holdings in Agilysys by 169.2% in the 3rd quarter. CWM LLC now owns 673 shares of the software maker’s stock valued at $73,000 after purchasing an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

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

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.