Agilysys, Inc. (NASDAQ:AGYS – Get Free Report) Director John Mutch sold 1,000 shares of Agilysys stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $113.69, for a total value of $113,690.00. Following the transaction, the director now directly owns 36,326 shares in the company, valued at approximately $4,129,902.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Agilysys Stock Performance
Shares of Agilysys stock traded up $3.12 during midday trading on Thursday, reaching $112.32. 163,373 shares of the company’s stock traded hands, compared to its average volume of 215,808. Agilysys, Inc. has a 52 week low of $63.78 and a 52 week high of $114.70. The company’s 50 day simple moving average is $106.55 and its 200 day simple moving average is $92.82. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 35.54 and a beta of 0.82.
Agilysys (NASDAQ:AGYS – Get Free Report) last posted its earnings results on Monday, July 22nd. The software maker reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.04. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The company had revenue of $63.50 million for the quarter, compared to analyst estimates of $64.52 million. During the same period last year, the company earned $0.18 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. As a group, equities research analysts predict that Agilysys, Inc. will post 0.62 earnings per share for the current year.
Wall Street Analyst Weigh In
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Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP lifted its position in Agilysys by 439.5% during the 1st quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock worth $84,903,000 after acquiring an additional 820,840 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Agilysys by 12.3% in the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after acquiring an additional 217,008 shares during the period. American Century Companies Inc. grew its stake in shares of Agilysys by 1,861.4% in the second quarter. American Century Companies Inc. now owns 221,109 shares of the software maker’s stock worth $23,026,000 after acquiring an additional 209,836 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Agilysys during the 2nd quarter valued at $21,039,000. Finally, Conestoga Capital Advisors LLC bought a new stake in Agilysys in the 2nd quarter valued at $16,546,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.
About Agilysys
Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.
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