Agilysys, Inc. (NASDAQ:AGYS) Insider Chris J. Robertson Sells 729 Shares

Agilysys, Inc. (NASDAQ:AGYS) insider Chris J. Robertson sold 729 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $134.01, for a total value of $97,693.29. Following the completion of the transaction, the insider now owns 21,895 shares in the company, valued at approximately $2,934,148.95. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Agilysys Stock Up 0.5 %

Agilysys stock opened at $133.64 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $117.44 and a two-hundred day moving average of $108.54. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 38.07 and a beta of 0.93. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $139.99.

Agilysys (NASDAQ:AGYS) last posted 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 business had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company’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. As a group, research analysts expect that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Northland Securities restated an “outperform” rating and set a $145.00 price target (up previously from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Needham & Company LLC raised their price target on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. BTIG Research raised their price target on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Oppenheimer increased their price objective on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Agilysys has an average rating of “Moderate Buy” and an average price target of $137.80.

Institutional Trading of Agilysys

Several hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares during the last quarter. CWM LLC raised its holdings in Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after purchasing an additional 199 shares during the last quarter. Linden Thomas Advisory Services LLC acquired a new position in Agilysys during the second quarter worth $209,000. SG Americas Securities LLC acquired a new position in Agilysys during the second quarter worth $1,847,000. Finally, Louisiana State Employees Retirement System raised its holdings in Agilysys by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker’s stock worth $1,062,000 after purchasing an additional 200 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

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.