Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust Sells 7,500 Shares

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the transaction, the director now directly owns 315,576 shares of the company’s stock, valued at $41,132,175.84. The trade was a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.55, for a total value of $979,125.00.

Agilysys Stock Performance

NASDAQ AGYS opened at $134.56 on Thursday. The company has a fifty day moving average of $128.87 and a two-hundred day moving average of $115.16. The company has a market capitalization of $3.76 billion, a PE ratio of 38.34 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 company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The firm 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%. The business’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 EPS. As a group, analysts expect that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on AGYS shares. Needham & Company LLC raised their target price on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. 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 report on Tuesday, October 29th. Oppenheimer boosted their target price on shares of Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Northland Securities increased their price objective on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $146.00.

Hedge Funds Weigh In On Agilysys

Hedge funds have recently modified their holdings of the business. Larson Financial Group LLC purchased a new stake in Agilysys in the 2nd quarter valued at $32,000. Advisors Asset Management Inc. raised its holdings in shares of Agilysys by 117.4% in 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 during the last quarter. GAMMA Investing LLC boosted its stake in shares of Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after buying an additional 166 shares during the period. NBC Securities Inc. acquired a new stake in shares of Agilysys during the third quarter worth about $46,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after buying an additional 205 shares during the last quarter. 88.00% of the stock is currently 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.