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

Agilysys, Inc. (NASDAQ:AGYSGet Free Report) 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:AGYSGet Free Report) 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.

Read Our Latest Stock Analysis on Agilysys

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

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Agilysys (NASDAQ:AGYS)

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