Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) Director Melvin L. Keating sold 1,920 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $117.55, for a total value of $225,696.00. Following the completion of the sale, the director now directly owns 39,587 shares in the company, valued at approximately $4,653,451.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Agilysys Trading Up 0.7 %
AGYS traded up $0.86 on Tuesday, reaching $123.75. 269,887 shares of the company traded hands, compared to its average volume of 215,964. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $108.71 and a two-hundred day simple moving average of $103.38. Agilysys, Inc. has a one year low of $73.52 and a one year high of $125.96. The company has a market cap of $3.46 billion, a P/E ratio of 35.01 and a beta of 0.85.
Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. The firm had revenue of $68.30 million during 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%. The business's quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company posted $0.25 EPS. As a group, equities research analysts expect that Agilysys, Inc. will post 0.81 earnings per share for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of AGYS. US Bancorp DE lifted its position in Agilysys by 11.2% during 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 in the last quarter. GAMMA Investing LLC boosted its stake in Agilysys by 162.1% in the 2nd 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 increased its stake in shares of Agilysys by 9.6% in the second quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker's stock valued at $202,000 after buying an additional 170 shares during the period. Advisors Asset Management Inc. lifted its holdings 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 acquiring an additional 182 shares during the period. Finally, CWM LLC grew its position in Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker's stock worth $26,000 after buying an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Oppenheimer increased their target price on Agilysys from $120.00 to $135.00 and gave the stock an "outperform" rating in a research report on Tuesday. Northland Securities reissued an "outperform" rating and set a $145.00 target price (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. Needham & Company LLC reissued a "buy" rating and issued a $125.00 price target on shares of Agilysys in a research note on Tuesday, October 29th. 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 report on Tuesday, October 29th. Finally, StockNews.com downgraded shares of Agilysys from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $130.80.
View Our Latest Report on Agilysys
Agilysys Company Profile
(
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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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