Kaufman 2012 Descendants Trust Sells 7,500 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $126.26, for a total transaction of $946,950.00. Following the sale, the director now directly owns 285,576 shares in the company, valued at $36,056,825.76. This trade represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Kaufman 2012 Descendants Trust also recently made the following trade(s):

• On Wednesday, January 15th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $132.98, for a total transaction of $997,350.00.
• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.29, for a total transaction of $977,175.00.
• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.04, for a total value of $990,300.00.
• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.34, for a total transaction of $977,550.00.
• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00.

Agilysys Price Performance

Shares of AGYS stock traded up $1.80 during mid-day trading on Wednesday, hitting $132.75. 174,345 shares of the stock traded hands, compared to its average volume of 174,449. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $142.64. 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 company’s 50-day simple moving average is $131.11 and its 200-day simple moving average is $116.08. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 37.82 and a beta of 0.94.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. During the same period in the previous year, the company earned $0.25 earnings per share. Agilysys’s revenue was up 16.6% compared to the same quarter last year. As a group, equities research analysts expect that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Institutional Trading of Agilysys

A number of hedge funds and other institutional investors have recently made changes to their positions in AGYS. Lord Abbett & CO. LLC grew its position in Agilysys by 47.4% in the third quarter. Lord Abbett & CO. LLC now owns 1,058,858 shares of the software maker’s stock worth $115,383,000 after buying an additional 340,424 shares during the last quarter. Fred Alger Management LLC boosted its stake in shares of Agilysys by 1.9% during the 2nd quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock worth $97,689,000 after acquiring an additional 17,898 shares in the last quarter. State Street Corp boosted its stake in shares of Agilysys by 5.0% during the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after acquiring an additional 43,760 shares in the last quarter. Geneva Capital Management LLC grew its holdings in shares of Agilysys by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock worth $73,597,000 after acquiring an additional 2,687 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Agilysys by 6.2% during the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after purchasing an additional 30,655 shares during the period. 88.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on AGYS. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Needham & Company LLC lifted their target price on Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Northland Securities increased their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. BTIG Research lifted their price objective 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. Finally, Oppenheimer upped their price objective on shares of Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. One equities research 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.00.

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.