Agilysys, Inc. (NASDAQ:AGYS) Director Sells $402,915.20 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin L. Keating sold 3,280 shares of Agilysys stock in a transaction on Monday, November 11th. The stock was sold at an average price of $122.84, for a total transaction of $402,915.20. Following the completion of the transaction, the director now directly owns 34,407 shares in the company, valued at $4,226,555.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Agilysys Price Performance

Shares of Agilysys stock traded up $0.86 on Tuesday, hitting $123.75. 269,887 shares of the company traded hands, compared to its average volume of 215,964. The company has a market cap of $3.46 billion, a P/E ratio of 35.01 and a beta of 0.85. Agilysys, Inc. has a 12-month low of $73.52 and a 12-month high of $125.96. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The firm’s 50-day simple moving average is $108.71 and its 200 day simple moving average is $103.38.

Agilysys (NASDAQ:AGYS) last announced its earnings results 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 company had revenue of $68.30 million during 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%. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share. Analysts expect that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Agilysys

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Agilysys by 12.3% in the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after acquiring an additional 217,008 shares during the period. Fred Alger Management LLC lifted its holdings in shares of Agilysys by 1.9% in the second quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock valued at $97,689,000 after buying an additional 17,898 shares during the period. Lord Abbett & CO. LLC lifted its stake in Agilysys by 13.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock worth $60,920,000 after acquiring an additional 87,549 shares in the last quarter. Geneva Capital Management LLC lifted its position 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 period. Finally, Price T Rowe Associates Inc. MD increased its holdings in Agilysys by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 403,153 shares of the software maker’s stock valued at $33,970,000 after purchasing an additional 20,703 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.