Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch Sells 500 Shares

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 500 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $137.86, for a total value of $68,930.00. Following the completion of the transaction, the director now owns 34,654 shares in the company, valued at $4,777,400.44. This trade represents a 1.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Mutch also recently made the following trade(s):

• On Tuesday, November 5th, John Mutch sold 500 shares of Agilysys stock. The shares were sold at an average price of $104.24, for a total value of $52,120.00.
• On Thursday, August 29th, John Mutch sold 1,000 shares of Agilysys stock. The stock was sold at an average price of $113.69, for a total value of $113,690.00.

Agilysys Trading Down 0.1 %

Shares of Agilysys stock traded down $0.08 during trading hours on Tuesday, reaching $137.72. 233,766 shares of the company’s stock were exchanged, compared to its average volume of 217,059. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $139.99. The company has a fifty day moving average of $114.09 and a 200-day moving average of $106.96. 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 has a market capitalization of $3.85 billion, a price-to-earnings ratio of 39.24 and a beta of 0.85.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data 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 analysts’ expectations of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS. Sell-side analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its holdings in Agilysys by 11.2% in the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after purchasing an additional 122 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after purchasing an additional 154 shares during the period. RiverPark Advisors LLC lifted its position in shares of Agilysys by 9.6% during the second quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock worth $202,000 after purchasing an additional 170 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares in the last quarter. Finally, CWM LLC grew its holdings in Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after purchasing an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AGYS shares. Needham & Company LLC upped their price objective on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Oppenheimer increased their price objective on Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Northland Securities reiterated an “outperform” rating and issued a $145.00 price target (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Finally, BTIG Research lifted their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.80.

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.