Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch Sells 750 Shares

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) Director John Mutch sold 750 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $75.33, for a total value of $56,497.50. Following the transaction, the director now directly owns 31,904 shares in the company, valued at approximately $2,403,328.32. This represents a 2.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, March 7th, John Mutch sold 2,000 shares of Agilysys stock. The shares were sold at an average price of $77.87, for a total value of $155,740.00.

Agilysys Stock Performance

Shares of AGYS stock traded down $1.36 during mid-day trading on Friday, reaching $73.73. The stock had a trading volume of 388,556 shares, compared to its average volume of 246,750. The firm's 50 day simple moving average is $89.08 and its 200 day simple moving average is $109.14. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. Agilysys, Inc. has a one year low of $71.37 and a one year high of $142.64. The firm has a market cap of $2.06 billion, a PE ratio of 92.16 and a beta of 0.98.

Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.04. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The company had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. During the same quarter last year, the company earned $0.35 EPS. The company's quarterly revenue was up 14.9% on a year-over-year basis. On average, analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.

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Analyst Ratings Changes

Several analysts recently weighed in on the company. Needham & Company LLC decreased their target price on Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. Craig Hallum decreased their target price on Agilysys from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Northland Securities increased their target price on Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a research note on Tuesday, January 7th. UBS Group set a $100.00 target price on Agilysys in a research note on Wednesday, March 5th. Finally, Oppenheimer decreased their target price on Agilysys from $150.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $127.50.

Hedge Funds Weigh In On Agilysys

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its position in shares of Agilysys by 117.4% during the 3rd 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 period. Harbor Investment Advisory LLC lifted its position in shares of Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock worth $49,000 after buying an additional 193 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Agilysys by 381.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock worth $57,000 after buying an additional 336 shares during the period. Arcadia Investment Management Corp MI bought a new position in shares of Agilysys during the 4th quarter worth approximately $61,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Agilysys during the 4th quarter worth approximately $64,000. Institutional investors 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.