Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells 2,000 Shares of Stock

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

Agilysys Stock Down 1.4 %

AGYS stock opened at $74.19 on Thursday. Agilysys, Inc. has a 52 week low of $72.72 and a 52 week high of $142.64. The business has a 50-day simple moving average of $97.06 and a 200 day simple moving average of $110.92. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.07 billion, a PE ratio of 92.74 and a beta of 0.98.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 EPS. Sell-side analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Agilysys

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE raised its holdings in shares of Agilysys by 11.2% during the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after buying an additional 122 shares in the last quarter. Amalgamated Bank grew its position in Agilysys by 5.3% in the third quarter. Amalgamated Bank now owns 6,496 shares of the software maker’s stock valued at $708,000 after acquiring an additional 325 shares during the last quarter. Principal Financial Group Inc. grew its position in Agilysys by 2.6% in the third quarter. Principal Financial Group Inc. now owns 115,901 shares of the software maker’s stock valued at $12,630,000 after acquiring an additional 2,949 shares during the last quarter. Lisanti Capital Growth LLC bought a new position in shares of Agilysys in the third quarter worth about $1,785,000. Finally, Geneva Capital Management LLC lifted its holdings in shares of Agilysys by 0.4% in the third quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock worth $73,597,000 after acquiring an additional 2,687 shares during the last quarter. 88.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AGYS has been the topic of a number of recent research reports. Oppenheimer lowered their target price on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. UBS Group set a $100.00 target price on Agilysys in a report on Wednesday, March 5th. Northland Securities upped their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Craig Hallum lowered their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Finally, Needham & Company LLC cut their price objective on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Agilysys has a consensus rating of “Moderate Buy” and an average target price of $127.50.

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.