Kaufman 2012 Descendants Trust Sells 7,500 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $130.29, for a total value of $977,175.00. Following the transaction, the director now directly owns 293,076 shares in the company, valued at approximately $38,184,872.04. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 shares were sold at an average price of $130.55, for a total transaction of $979,125.00.

Agilysys Price Performance

Shares of AGYS traded down $6.48 during midday trading on Friday, hitting $128.08. The company’s stock had a trading volume of 167,161 shares, compared to its average volume of 139,610. 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 one year low of $73.52 and a one year high of $142.64. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 36.49 and a beta of 0.94. The company’s fifty day simple moving average is $129.56 and its two-hundred day simple moving average is $115.29.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data 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 business 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 firm’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. As a group, equities analysts expect that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Agilysys

A number of institutional investors have recently added to or reduced their stakes in AGYS. Natixis Advisors LLC acquired a new stake in shares of Agilysys in the second quarter valued at about $1,111,000. Rhumbline Advisers increased its position in Agilysys by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 50,703 shares of the software maker’s stock valued at $5,280,000 after purchasing an additional 2,341 shares during the period. Victory Capital Management Inc. raised its holdings in Agilysys by 24.5% during the 2nd quarter. Victory Capital Management Inc. now owns 19,180 shares of the software maker’s stock worth $1,997,000 after purchasing an additional 3,777 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Agilysys by 8.9% in the 2nd quarter. Arizona State Retirement System now owns 6,894 shares of the software maker’s stock worth $718,000 after purchasing an additional 561 shares during the period. Finally, Texas Permanent School Fund Corp boosted its stake 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 purchasing an additional 3,982 shares during the last quarter. 88.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on AGYS shares. Needham & Company LLC lifted their target price on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Northland Securities boosted their price objective on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday. Oppenheimer lifted their price target on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. BTIG Research boosted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $146.00.

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.