Agilysys, Inc. (NASDAQ:AGYS) CFO Sells $59,305.68 in Stock

Agilysys, Inc. (NASDAQ:AGYS) CFO William David Wood III sold 588 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $59,305.68. Following the completion of the transaction, the chief financial officer now directly owns 49,479 shares of the company’s stock, valued at approximately $4,990,451.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Agilysys Stock Performance

Shares of NASDAQ:AGYS opened at $104.14 on Wednesday. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $125.73. The firm has a market cap of $2.91 billion, a PE ratio of 29.67 and a beta of 0.85. 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 business has a fifty day moving average of $108.17 and a 200-day moving average of $102.39.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. During the same period last year, the company posted $0.25 earnings per share. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts predict that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Needham & Company LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Agilysys in a research note on Tuesday, October 29th. Craig Hallum increased their price objective on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Oppenheimer increased their price objective on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. BTIG Research increased their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Finally, StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Agilysys presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.80.

Institutional Trading of Agilysys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Agilysys by 162.1% in 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 period. CWM LLC increased its position in Agilysys by 390.2% in 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 period. Larson Financial Group LLC acquired a new stake in Agilysys in the second quarter worth about $32,000. NBC Securities Inc. acquired a new stake in Agilysys in the third quarter worth about $46,000. Finally, Exchange Traded Concepts LLC increased its position in Agilysys by 76.2% in the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after purchasing an additional 205 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

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.