Agilysys, Inc. (NASDAQ:AGYS) Director Sells $155,740.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) Director John Mutch sold 2,000 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $77.87, for a total value of $155,740.00. Following the completion of the transaction, the director now directly owns 32,654 shares in the company, valued at approximately $2,542,766.98. This trade represents a 5.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Agilysys Price Performance

Shares of NASDAQ:AGYS traded up $2.90 during trading on Friday, reaching $74.35. 208,125 shares of the company traded hands, compared to its average volume of 403,119. The firm has a market capitalization of $2.08 billion, a PE ratio of 92.94 and a beta of 0.98. Agilysys, Inc. has a 52 week low of $71.37 and a 52 week high of $142.64. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15. The company's 50 day moving average is $95.89 and its two-hundred day moving average is $110.64.

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, beating the consensus estimate of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73.15 million. During the same period in the previous year, the business earned $0.35 earnings per share. The company's revenue was up 14.9% on a year-over-year basis. As a group, sell-side analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.

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Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. US Bancorp DE lifted its holdings in Agilysys by 11.2% in the third quarter. US Bancorp DE now owns 1,216 shares of the software maker's stock valued at $133,000 after buying an additional 122 shares during the period. Blue Trust Inc. increased its stake in Agilysys by 18.9% during the 4th quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock valued at $149,000 after purchasing an additional 180 shares in the last quarter. Advisors Asset Management Inc. lifted its position in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker's stock valued at $37,000 after acquiring an additional 182 shares in the last quarter. Harbor Investment Advisory LLC raised its position in Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker's stock valued at $49,000 after buying an additional 193 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Agilysys by 2.0% during the fourth quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock valued at $1,398,000 after purchasing an additional 208 shares in the last quarter. Institutional investors own 88.00% of the company's stock.

Analysts Set New Price Targets

AGYS has been the subject of a number of recent analyst reports. Craig Hallum lowered their price target 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 upped their target price on shares of 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 price target on shares of Agilysys in a research report on Wednesday, March 5th. Needham & Company LLC decreased their price target on shares of Agilysys from $125.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Finally, Oppenheimer dropped their price target on Agilysys from $150.00 to $135.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $127.50.

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.