Agilysys, Inc. (NASDAQ:AGYS) Director Sells $990,300.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $132.04, for a total transaction of $990,300.00. Following the sale, the director now owns 300,576 shares in the company, valued at $39,688,055.04. This trade represents a 2.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.29, for a total transaction of $977,175.00.
• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was 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 Price Performance

Shares of AGYS stock traded down $6.48 during mid-day trading on Friday, reaching $128.08. The stock had a trading volume of 167,161 shares, compared to its average volume of 139,610. The company has a market cap of $3.58 billion, a P/E ratio of 36.49 and a beta of 0.94. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. Agilysys, Inc. has a 12-month low of $73.52 and a 12-month high of $142.64. The business has a 50-day simple moving average of $129.56 and a 200 day simple moving average of $115.29.

Agilysys (NASDAQ:AGYS - Get Free Report) last posted its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The firm had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. Agilysys's revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. On average, sell-side analysts anticipate that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Hedge Funds Weigh In On Agilysys

Several large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew 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 period. GAMMA Investing LLC boosted its position in Agilysys by 66.7% during the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker's stock worth $45,000 after purchasing an additional 166 shares during the period. NBC Securities Inc. acquired a new stake in Agilysys in the 3rd quarter valued at $46,000. Exchange Traded Concepts LLC raised its position in Agilysys by 76.2% in the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker's stock valued at $52,000 after purchasing an additional 205 shares during the period. Finally, CWM LLC lifted its stake in shares of Agilysys by 169.2% during the third quarter. CWM LLC now owns 673 shares of the software maker's stock worth $73,000 after purchasing an additional 423 shares in the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AGYS has been the subject of several analyst reports. BTIG Research boosted their target price on Agilysys from $118.00 to $124.00 and gave the stock a "buy" rating in a research note on Tuesday, October 29th. Needham & Company LLC upped their target price on shares of Agilysys from $125.00 to $145.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. StockNews.com downgraded shares of Agilysys from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Oppenheimer boosted their price target on shares of Agilysys from $135.00 to $150.00 and gave the stock an "outperform" rating in a report on Tuesday, December 3rd. Finally, Northland Securities raised their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an "outperform" rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $146.00.

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.

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