Melvin L. Keating Sells 1,920 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin L. Keating sold 1,920 shares of Agilysys stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $117.55, for a total value of $225,696.00. Following the transaction, the director now directly owns 39,587 shares in the company, valued at approximately $4,653,451.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Agilysys Trading Up 1.6 %

AGYS stock traded up $2.02 during trading on Tuesday, hitting $124.91. The company had a trading volume of 35,701 shares, compared to its average volume of 214,895. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 35.01 and a beta of 0.85. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $108.71 and a 200-day moving average price of $103.38. Agilysys, Inc. has a 12 month low of $73.52 and a 12 month high of $125.96.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS 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 analysts’ expectations of $67.54 million. During the same period in the prior year, the business posted $0.25 EPS. Agilysys’s revenue was up 16.6% on a year-over-year basis. As a group, analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on AGYS. Northland Securities reiterated an “outperform” rating and set a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. BTIG Research upped their target price on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Oppenheimer lifted their price target on Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday. Craig Hallum upped their price objective on shares of Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Agilysys in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Agilysys presently has a consensus rating of “Moderate Buy” and an average target price of $130.80.

Hedge Funds Weigh In On Agilysys

A number of large investors have recently modified their holdings of AGYS. US Bancorp DE grew its stake in shares of Agilysys by 11.2% in the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after acquiring an additional 122 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after buying an additional 154 shares during the last quarter. RiverPark Advisors LLC increased its position in Agilysys by 9.6% during the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock valued at $202,000 after purchasing an additional 170 shares during the period. Advisors Asset Management Inc. raised its stake in Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares during the last quarter. Finally, CWM LLC grew 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 purchasing an additional 199 shares during the period. 88.00% of the stock is currently owned by institutional investors and hedge funds.

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.