Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells 500 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 500 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $104.24, for a total transaction of $52,120.00. Following the sale, the director now directly owns 35,858 shares of the company’s stock, valued at approximately $3,737,837.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, August 29th, John Mutch sold 1,000 shares of Agilysys stock. The shares were sold at an average price of $113.69, for a total value of $113,690.00.

Agilysys Price Performance

Shares of NASDAQ AGYS opened at $118.81 on Friday. 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 company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 33.85 and a beta of 0.85. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $125.73. The business has a 50 day simple moving average of $108.51 and a 200-day simple moving average of $102.97.

Agilysys (NASDAQ:AGYS) last released 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. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The firm had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, equities research analysts expect that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AGYS has been the topic of several recent analyst reports. Northland Securities reiterated an “outperform” rating and issued a $145.00 price target (up previously from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Craig Hallum increased their target price on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. BTIG Research lifted their price target on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 price objective 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Agilysys currently has an average rating of “Moderate Buy” and an average target price of $127.80.

Institutional Investors Weigh In On Agilysys

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

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.