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 business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total value of $725,100.00. Following the completion of the sale, the director now owns 233,076 shares in the company, valued at approximately $22,533,787.68. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, January 21st, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $125.49, for a total value of $941,175.00.
• On Friday, January 17th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $128.17, for a total transaction of $961,275.00.
• 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 Monday, January 13th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $126.26, for a total transaction of $946,950.00.
• 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 value 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 shares were 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 stock was sold at an average price of $130.55, for a total transaction of $979,125.00.

Agilysys Stock Performance

Shares of NASDAQ:AGYS traded down $3.43 during trading on Friday, reaching $92.24. 534,484 shares of the stock were exchanged, compared to its average volume of 397,491. The firm has a market cap of $2.58 billion, a PE ratio of 115.30 and a beta of 0.94. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.15. Agilysys, Inc. has a 12 month low of $74.03 and a 12 month high of $142.64. The stock has a 50-day moving average price of $130.27 and a 200-day moving average price of $116.55.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73,149.20 billion. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. Research analysts expect that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Agilysys

Several institutional investors and hedge funds have recently modified their holdings of AGYS. Advisors Asset Management Inc. raised its stake in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after purchasing an additional 182 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after purchasing an additional 193 shares during the period. GAMMA Investing LLC raised its position in shares of Agilysys by 66.7% in the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after buying an additional 166 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Agilysys in the third quarter valued at approximately $46,000. Finally, Exchange Traded Concepts LLC grew its position in Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after buying an additional 205 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AGYS has been the topic of several recent analyst reports. BTIG Research boosted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Northland Securities boosted their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Craig Hallum cut their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday. Needham & Company LLC reduced their target price on Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Agilysys presently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

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.