Agilysys (NASDAQ:AGYS) Sees Unusually-High Trading Volume – Here’s Why

Shares of Agilysys, Inc. (NASDAQ:AGYS) saw an uptick in trading volume on Tuesday . 650,892 shares were traded during trading, an increase of 56% from the previous session’s volume of 417,654 shares.The stock last traded at $85.04 and had previously closed at $85.17.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AGYS. Craig Hallum cut their price target on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Oppenheimer cut their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, January 22nd. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Securities upped their price objective on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, BTIG Research upped their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Agilysys presently has an average rating of “Moderate Buy” and an average target price of $138.00.

Agilysys Stock Up 2.5 %

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.09. The company has a market capitalization of $2.44 billion, a PE ratio of 109.10 and a beta of 0.93. The business has a 50-day moving average of $126.60 and a 200 day moving average of $116.17.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data 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. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73.15 million. During the same period in the prior year, the business posted $0.35 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Equities research analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Agilysys

In other Agilysys news, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $96.68, for a total transaction of $725,100.00. Following the transaction, the director now directly owns 233,076 shares in the company, valued at $22,533,787.68. This trade represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John Mutch sold 500 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $137.86, for a total value of $68,930.00. Following the transaction, the director now owns 34,654 shares in the company, valued at $4,777,400.44. The trade was a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,799 shares of company stock worth $9,541,833 over the last ninety days. Company insiders own 19.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its holdings in shares of Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after acquiring an additional 182 shares during the period. Harbor Investment Advisory LLC increased its holdings in shares of Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after acquiring an additional 193 shares during the period. GAMMA Investing LLC increased its holdings 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. purchased a new position in shares of Agilysys in the 3rd quarter valued at $46,000. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of Agilysys in the 4th quarter valued at $61,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

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.