Agilysys, Inc. (NASDAQ:AGYS) Insider Chris J. Robertson Sells 264 Shares

Agilysys, Inc. (NASDAQ:AGYS) insider Chris J. Robertson sold 264 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $100.86, for a total transaction of $26,627.04. Following the transaction, the insider now owns 22,624 shares of the company’s stock, valued at $2,281,856.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Agilysys Price Performance

Shares of AGYS stock opened at $104.14 on Wednesday. The stock has a 50 day moving average price of $108.17 and a 200 day moving average price of $102.39. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $125.73. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The firm has a market capitalization of $2.91 billion, a P/E ratio of 29.67 and a beta of 0.85.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping 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 return on equity of 10.53% and a net margin of 37.54%. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. As a group, sell-side analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AGYS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Agilysys in a report on Tuesday, October 29th. Craig Hallum lifted their target price on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Northland Securities reaffirmed an “outperform” rating and set a $145.00 price objective (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Finally, BTIG Research increased 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. One equities research analyst has rated the stock with a hold rating and six have assigned 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 target price of $127.80.

Hedge Funds Weigh In On Agilysys

A number of hedge funds have recently added to or reduced their stakes in AGYS. Vanguard Group Inc. raised its stake in shares of Agilysys by 12.3% during the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after acquiring an additional 217,008 shares in the last quarter. Fred Alger Management LLC raised its position in Agilysys by 1.9% during the 2nd quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock valued at $97,689,000 after purchasing an additional 17,898 shares in the last quarter. Lord Abbett & CO. LLC raised its position in Agilysys by 13.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock valued at $60,920,000 after purchasing an additional 87,549 shares in the last quarter. Geneva Capital Management LLC lifted its holdings in shares of Agilysys by 10.6% in the 1st quarter. Geneva Capital Management LLC now owns 686,033 shares of the software maker’s stock worth $57,805,000 after buying an additional 65,672 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Agilysys by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 403,153 shares of the software maker’s stock worth $33,970,000 after buying an additional 20,703 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

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.