Insider Selling: 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 Agilysys stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $130.34, for a total value of $977,550.00. Following the completion of the sale, the director now directly owns 315,576 shares in the company, valued at $41,132,175.84. This represents a 2.32 % decrease in their ownership of the stock. 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 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

NASDAQ:AGYS opened at $134.56 on Thursday. Agilysys, Inc. has a 52 week low of $73.52 and a 52 week high of $142.64. The stock’s fifty day moving average is $128.87 and its two-hundred day moving average is $115.16. The company has a market capitalization of $3.76 billion, a P/E ratio of 38.34 and a beta of 0.94. 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 (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The firm had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. Agilysys’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 EPS. Equities analysts expect that Agilysys, Inc. will post 0.81 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on AGYS. BTIG Research raised their price target on shares of 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 report on Thursday, October 31st. Northland Securities increased their price target on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday. Needham & Company LLC boosted their price objective on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Oppenheimer raised their target price on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $146.00.

Hedge Funds Weigh In On Agilysys

Hedge funds have recently made changes to their positions in the stock. Natixis Advisors LLC purchased a new position in shares of Agilysys during the second quarter worth $1,111,000. Rhumbline Advisers lifted its stake in Agilysys by 4.8% during the 2nd quarter. Rhumbline Advisers now owns 50,703 shares of the software maker’s stock worth $5,280,000 after acquiring an additional 2,341 shares in the last quarter. Larson Financial Group LLC purchased a new position in Agilysys during the 2nd quarter valued at about $32,000. Victory Capital Management Inc. grew its position in Agilysys by 24.5% in the 2nd quarter. Victory Capital Management Inc. now owns 19,180 shares of the software maker’s stock valued at $1,997,000 after acquiring an additional 3,777 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Agilysys by 8.9% during the second 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. Hedge funds and other institutional investors own 88.00% of the company’s stock.

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.