Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells 500 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $137.86, for a total value of $68,930.00. Following the transaction, the director now owns 34,654 shares of the company’s stock, valued at approximately $4,777,400.44. This trade represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, November 5th, John Mutch sold 500 shares of Agilysys stock. The shares were sold at an average price of $104.24, for a total transaction of $52,120.00.
• On Thursday, August 29th, John Mutch sold 1,000 shares of Agilysys stock. The shares were sold at an average price of $113.69, for a total transaction of $113,690.00.

Agilysys Stock Performance

NASDAQ:AGYS opened at $133.89 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 38.15 and a beta of 0.85. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $139.99. The stock’s 50 day simple moving average is $115.33 and its two-hundred day simple moving average is $107.33.

Agilysys (NASDAQ:AGYS) last released its quarterly 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. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.54 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Agilysys’s revenue was up 16.6% on a year-over-year basis. As a group, equities analysts anticipate that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. raised its position in Agilysys by 434.3% during the third quarter. Franklin Resources Inc. now owns 98,128 shares of the software maker’s stock valued at $11,477,000 after purchasing an additional 79,764 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of Agilysys by 5.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 21,987 shares of the software maker’s stock valued at $2,396,000 after purchasing an additional 1,155 shares during the last quarter. Geode Capital Management LLC raised its holdings in Agilysys by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after buying an additional 30,655 shares during the period. Barclays PLC lifted its position in Agilysys by 105.2% in the third quarter. Barclays PLC now owns 50,572 shares of the software maker’s stock worth $5,512,000 after buying an additional 25,926 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Agilysys during the third quarter worth $463,000. Institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AGYS shares. 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 report on Friday, November 15th. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Oppenheimer boosted their price target on Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. BTIG Research increased their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, Northland Securities reissued an “outperform” rating and issued a $145.00 target price (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.80.

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.