Agilysys, Inc. (NASDAQ:AGYS) Director Melvin L. Keating Sells 1,920 Shares

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin L. Keating sold 1,920 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $117.55, for a total transaction of $225,696.00. Following the completion of the sale, the director now directly owns 39,587 shares of the company’s stock, valued at $4,653,451.85. The trade was a 4.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Agilysys Stock Down 3.3 %

NASDAQ:AGYS opened at $120.84 on Friday. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 34.43 and a beta of 0.85. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $128.61. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The business’s fifty day moving average price is $109.41 and its 200 day moving average price is $103.81.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. On average, sell-side analysts forecast that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after acquiring an additional 154 shares during the last quarter. CWM LLC lifted its stake in shares of Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after purchasing an additional 199 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Agilysys during the 2nd quarter worth about $32,000. Advisors Asset Management Inc. increased its holdings in shares of Agilysys by 117.4% during 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 last quarter. Finally, NBC Securities Inc. bought a new position in shares of Agilysys in the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on AGYS. BTIG Research raised their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Craig Hallum lifted their price objective on shares of Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Oppenheimer increased their target price on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Northland Securities restated an “outperform” rating and issued a $145.00 target price (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.80.

Agilysys Company Profile

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.