Kyle C. Badger Sells 471 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) SVP Kyle C. Badger sold 471 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $100.86, for a total value of $47,505.06. Following the completion of the sale, the senior vice president now owns 115,117 shares of the company’s stock, valued at approximately $11,610,700.62. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Agilysys Stock Performance

Shares of Agilysys stock traded up $0.56 during mid-day trading on Monday, hitting $102.95. 249,769 shares of the stock were exchanged, compared to its average volume of 215,814. Agilysys, Inc. has a 12 month low of $73.52 and a 12 month high of $125.73. The company has a 50-day simple moving average of $108.50 and a 200 day simple moving average of $102.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.34 and a current ratio of 1.13. The company has a market capitalization of $2.88 billion, a P/E ratio of 29.17 and a beta of 0.85.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping 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 company had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. During the same quarter last year, the business posted $0.25 EPS. Agilysys’s quarterly revenue was up 16.6% compared to the same quarter last year. Sell-side analysts anticipate that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Agilysys

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after buying an additional 154 shares in the last quarter. CWM LLC grew its stake in Agilysys by 390.2% in the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after buying an additional 199 shares in the last quarter. Larson Financial Group LLC purchased a new position in Agilysys in the 2nd quarter valued at approximately $32,000. NBC Securities Inc. purchased a new position in Agilysys in the 3rd quarter valued at approximately $46,000. Finally, Exchange Traded Concepts LLC grew its stake in Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after buying an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analysts Set New Price Targets

AGYS has been the topic of several recent research reports. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday. Oppenheimer raised their price target on shares of Agilysys from $100.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Craig Hallum raised their price target on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Northland Securities reaffirmed an “outperform” rating and issued a $145.00 price target (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Agilysys in a research report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $127.80.

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.