Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch Sells 750 Shares

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 750 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50. Following the transaction, the director now owns 31,904 shares in the company, valued at approximately $2,403,328.32. This trade represents a 2.30 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Mutch also recently made the following trade(s):

• On Friday, March 7th, John Mutch sold 2,000 shares of Agilysys stock. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00.

Agilysys Stock Performance

Shares of NASDAQ AGYS opened at $75.09 on Friday. The firm has a fifty day moving average price of $90.17 and a 200-day moving average price of $109.38. 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 stock has a market cap of $2.10 billion, a PE ratio of 93.86 and a beta of 0.98. Agilysys, Inc. has a 1 year low of $71.37 and a 1 year high of $142.64.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share. Equities analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AGYS has been the topic of several recent research reports. Oppenheimer decreased their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 22nd. Needham & Company LLC decreased their price target on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Craig Hallum decreased their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. UBS Group set a $100.00 price target on shares of Agilysys in a research report on Wednesday, March 5th. Finally, Northland Securities increased their price target on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.50.

Hedge Funds Weigh In On Agilysys

Several institutional investors have recently bought and sold shares of AGYS. Oppenheimer Asset Management Inc. grew its stake in Agilysys by 4.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,589 shares of the software maker’s stock valued at $827,000 after acquiring an additional 312 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Agilysys by 1.7% during the third quarter. Thrivent Financial for Lutherans now owns 188,536 shares of the software maker’s stock valued at $20,545,000 after acquiring an additional 3,148 shares in the last quarter. Jennison Associates LLC purchased a new position in Agilysys during the third quarter valued at $689,000. Advisors Asset Management Inc. grew its stake 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 acquiring an additional 182 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in Agilysys by 129.3% during the third quarter. Intech Investment Management LLC now owns 14,992 shares of the software maker’s stock valued at $1,634,000 after acquiring an additional 8,453 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

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.