Agilysys, Inc. (NASDAQ:AGYS) Director Sells $979,125.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total value of $979,125.00. Following the completion of the sale, the director now directly owns 330,576 shares in the company, valued at approximately $43,156,696.80. The trade was a 2.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.34, for a total transaction of $977,550.00.

Agilysys Stock Performance

NASDAQ AGYS opened at $130.04 on Wednesday. The company has a 50-day simple moving average of $127.60 and a two-hundred day simple moving average of $114.80. Agilysys, Inc. has a 12-month low of $73.52 and a 12-month high of $142.64. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 37.05 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last issued its earnings results 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 company had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. Agilysys’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.25 EPS. On average, equities analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on AGYS. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Needham & Company LLC increased their target price 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 raised their price target on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Northland Securities upped their price objective on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Oppenheimer raised their price objective on Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $146.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Natixis Advisors LLC bought a new stake in Agilysys in the 2nd quarter worth $1,111,000. Rhumbline Advisers boosted its holdings in shares of Agilysys by 4.8% during the second quarter. Rhumbline Advisers now owns 50,703 shares of the software maker’s stock worth $5,280,000 after purchasing an additional 2,341 shares during the period. Larson Financial Group LLC bought a new stake in shares of Agilysys in the second quarter worth about $32,000. Victory Capital Management Inc. grew its stake in shares of Agilysys by 24.5% in the second quarter. Victory Capital Management Inc. now owns 19,180 shares of the software maker’s stock worth $1,997,000 after purchasing an additional 3,777 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in Agilysys by 8.9% during the 2nd quarter. Arizona State Retirement System now owns 6,894 shares of the software maker’s stock valued at $718,000 after purchasing an additional 561 shares during the period. Institutional investors own 88.00% of the company’s stock.

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.