Agilysys, Inc. (NASDAQ:AGYS) Director Sells $977,550.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00. Following the transaction, the director now directly owns 315,576 shares of the company’s stock, valued at $41,132,175.84. This represents a 2.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 Price Performance

Shares of AGYS stock traded down $3.11 during trading hours on Monday, reaching $130.15. The stock had a trading volume of 122,939 shares, compared to its average volume of 130,180. The stock’s fifty day simple moving average is $127.23 and its 200 day simple moving average is $114.55. The firm has a market capitalization of $3.64 billion, a PE ratio of 37.08 and a beta of 0.94. Agilysys, Inc. has a 12 month low of $73.52 and a 12 month high of $142.64. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. On average, equities research analysts predict that Agilysys, Inc. will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Agilysys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC bought a new stake in shares of Agilysys during the 2nd quarter valued at about $1,111,000. Rhumbline Advisers grew its stake in Agilysys by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 50,703 shares of the software maker’s stock worth $5,280,000 after buying an additional 2,341 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Agilysys in the 2nd quarter worth $32,000. Victory Capital Management Inc. increased its holdings in shares of Agilysys by 24.5% in the 2nd quarter. Victory Capital Management Inc. now owns 19,180 shares of the software maker’s stock worth $1,997,000 after buying an additional 3,777 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Agilysys by 8.9% during the 2nd quarter. Arizona State Retirement System now owns 6,894 shares of the software maker’s stock valued at $718,000 after buying an additional 561 shares in the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AGYS has been the subject of a number of recent research reports. Northland Securities reissued an “outperform” rating and issued a $145.00 target price (up from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Oppenheimer lifted their price objective on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Needham & Company LLC upped their price objective on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Finally, BTIG Research boosted their price target on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $137.80.

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.