Agilysys, Inc. (NASDAQ:AGYS) CEO Sells $1,067,800.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) CEO Ramesh Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $106.78, for a total transaction of $1,067,800.00. Following the completion of the transaction, the chief executive officer now directly owns 758,367 shares of the company’s stock, valued at $80,978,428.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Ramesh Srinivasan also recently made the following trade(s):

• On Tuesday, September 3rd, Ramesh Srinivasan sold 10,000 shares of Agilysys stock. The stock was sold at an average price of $109.77, for a total value of $1,097,700.00.

Agilysys Stock Down 1.8 %

NASDAQ:AGYS traded down $1.89 during midday trading on Monday, hitting $101.20. The company had a trading volume of 386,037 shares, compared to its average volume of 215,244. The stock’s fifty day moving average price is $107.82 and its 200-day moving average price is $94.12. Agilysys, Inc. has a 52-week low of $63.78 and a 52-week high of $114.70. The company has a market capitalization of $2.82 billion, a PE ratio of 32.37 and a beta of 0.83.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, July 22nd. The software maker reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The company had revenue of $63.50 million during the quarter, compared to analysts’ expectations of $64.52 million. Agilysys had a net margin of 40.32% and a return on equity of 12.75%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. As a group, research analysts forecast that Agilysys, Inc. will post 0.62 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AGYS. Craig Hallum increased their price objective on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. BTIG Research upped their target price on shares of Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 price target on shares of Agilysys in a report on Tuesday, July 23rd. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, July 4th. Finally, William Blair started coverage on Agilysys in a research note on Monday, June 24th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $122.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of 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 last quarter. CWM LLC boosted its holdings 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 acquiring an additional 199 shares in the last quarter. Larson Financial Group LLC bought a new position in shares of Agilysys during the second quarter valued at $32,000. YHB Investment Advisors Inc. purchased a new position in shares of Agilysys in the 1st quarter worth about $35,000. Finally, RiverPark Advisors LLC boosted its stake in Agilysys by 361.1% in the 1st quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock worth $149,000 after purchasing an additional 1,383 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Company Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.