Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells 7,500 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total transaction of $725,100.00. Following the completion of the transaction, the director now directly owns 233,076 shares in the company, valued at approximately $22,533,787.68. This represents a 3.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, January 21st, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $125.49, for a total transaction of $941,175.00.
• On Friday, January 17th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $128.17, for a total value of $961,275.00.
• On Wednesday, January 15th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.98, for a total transaction of $997,350.00.
• 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 stock was sold at an average price of $130.29, for a total value of $977,175.00.
• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were 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 transaction 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 transaction of $979,125.00.

Agilysys Trading Down 3.6 %

Shares of AGYS stock traded down $3.43 on Friday, reaching $92.24. 534,484 shares of the stock were exchanged, compared to its average volume of 397,491. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.07. Agilysys, Inc. has a one year low of $74.03 and a one year high of $142.64. The stock has a market cap of $2.58 billion, a PE ratio of 115.30 and a beta of 0.94. The stock has a 50 day moving average price of $130.27 and a 200 day moving average price of $116.55.

Agilysys (NASDAQ:AGYS) last released its earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73,149.20 billion. During the same period in the prior year, the company posted $0.35 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. Equities research analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. BTIG Research boosted their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Needham & Company LLC decreased their price objective on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday. Oppenheimer cut their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday. Craig Hallum reduced their target price on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Northland Securities raised their price target on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. One equities research 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 a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Institutional Trading of Agilysys

Institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. raised its position in shares of Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after acquiring an additional 182 shares during the period. GAMMA Investing LLC raised its holdings in Agilysys by 66.7% in the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after purchasing an additional 166 shares during the period. NBC Securities Inc. bought a new position in shares of Agilysys during the third quarter worth $46,000. Harbor Investment Advisory LLC grew its holdings 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 buying an additional 193 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in shares of 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. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.