Chris J. Robertson Sells 264 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) insider Chris J. Robertson sold 264 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the completion of the sale, the insider now directly owns 22,624 shares in the company, valued at approximately $2,281,856.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Agilysys Stock Performance

Shares of AGYS opened at $102.95 on Tuesday. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $125.73. The firm has a market capitalization of $2.88 billion, a PE ratio of 29.33 and a beta of 0.85. The firm has a 50-day moving average price of $108.30 and a 200 day moving average price of $102.23. The company has a quick ratio of 2.34, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. During the same quarter last year, the business earned $0.25 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, sell-side analysts anticipate that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Agilysys

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 154 shares during the period. CWM LLC raised its position in Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after acquiring an additional 199 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Agilysys during the 2nd quarter valued at about $32,000. NBC Securities Inc. acquired a new position in shares of Agilysys in the 3rd quarter worth approximately $46,000. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after purchasing an additional 205 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AGYS shares. Northland Securities reaffirmed an “outperform” rating and issued a $145.00 target price (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Oppenheimer increased their price objective on shares of Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. BTIG Research boosted their target price 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. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Agilysys in a research report on Tuesday, October 29th. Finally, StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.80.

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.