Agilysys, Inc. (NASDAQ:AGYS) Director Sells $997,350.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $132.98, for a total transaction of $997,350.00. Following the sale, the director now owns 270,576 shares of the company’s stock, valued at approximately $35,981,196.48. The trade was a 2.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kaufman 2012 Descendants Trust also recently made the following trade(s):

• On Monday, January 13th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $126.26, for a total transaction of $946,950.00.
• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.29, for a total transaction of $977,175.00.
• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.04, for a total value of $990,300.00.
• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.34, for a total value of $977,550.00.
• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.55, for a total value of $979,125.00.

Agilysys Stock Up 1.4 %

Agilysys stock traded up $1.80 during mid-day trading on Wednesday, reaching $132.75. 174,345 shares of the company’s stock were exchanged, compared to its average volume of 174,449. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $142.64. The company has a market cap of $3.71 billion, a P/E ratio of 37.82 and a beta of 0.94. The company has a fifty day moving average of $131.11 and a 200-day moving average of $116.08.

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

Wall Street Analysts Forecast Growth

AGYS has been the topic of a number of recent analyst reports. Oppenheimer upped their target price on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. BTIG Research lifted their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Northland Securities upped their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Needham & Company LLC lifted their price objective on Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, November 15th. 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $146.00.

Institutional Investors Weigh In On Agilysys

Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in Agilysys by 24.5% in the second quarter. Victory Capital Management Inc. now owns 19,180 shares of the software maker’s stock valued at $1,997,000 after buying an additional 3,777 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Agilysys by 22.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 21,640 shares of the software maker’s stock valued at $2,254,000 after acquiring an additional 3,982 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Agilysys during the 2nd quarter worth about $2,004,000. American Century Companies Inc. lifted its stake in Agilysys by 1,861.4% during the second quarter. American Century Companies Inc. now owns 221,109 shares of the software maker’s stock worth $23,026,000 after purchasing an additional 209,836 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Agilysys during the second quarter worth approximately $758,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.

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.