John Mutch Sells 2,000 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 2,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the sale, the director now directly owns 32,654 shares of the company’s stock, valued at $2,542,766.98. This represents a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Agilysys Stock Down 5.2 %

Shares of NASDAQ AGYS traded down $4.05 during midday trading on Monday, reaching $73.96. 338,733 shares of the company’s stock were exchanged, compared to its average volume of 415,967. Agilysys, Inc. has a 52-week low of $72.98 and a 52-week high of $142.64. The stock has a market capitalization of $2.07 billion, a PE ratio of 92.45 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14. The business’s fifty day moving average price is $99.33 and its two-hundred day moving average price is $111.42.

Agilysys (NASDAQ:AGYS) last announced its earnings results 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. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The business had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.15 million. During the same period in the previous year, the company earned $0.35 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. Analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AGYS shares. UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th. Oppenheimer dropped their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, January 22nd. Craig Hallum dropped their price objective on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Needham & Company LLC dropped their price objective on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Northland Securities increased their price objective 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 investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Agilysys presently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

Institutional Trading of Agilysys

A number of hedge funds and other institutional investors have recently modified their holdings of AGYS. Advisors Asset Management Inc. increased its position in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares during the last quarter. Harbor Investment Advisory LLC raised its stake in shares of Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after purchasing an additional 193 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock valued at $57,000 after purchasing an additional 336 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Agilysys in the 4th quarter valued at about $61,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Agilysys in the 4th quarter valued at about $64,000. 88.00% of the stock is owned by hedge funds and other institutional investors.

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.