Kaufman 2012 Descendants Trust Sells 7,500 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $132.04, for a total value of $990,300.00. Following the sale, the director now directly owns 300,576 shares in the company, valued at $39,688,055.04. This trade represents a 2.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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 shares were 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 Stock Down 4.8 %

AGYS opened at $128.08 on Friday. The business has a 50 day moving average price of $130.08 and a two-hundred day moving average price of $115.50. Agilysys, Inc. has a 52 week low of $73.52 and a 52 week high of $142.64. The company has a market cap of $3.58 billion, a PE ratio of 36.49 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, research analysts anticipate that Agilysys, Inc. will post 0.81 EPS for the current year.

Institutional Trading of Agilysys

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. raised 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 purchasing an additional 182 shares in the last quarter. GAMMA Investing LLC increased 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 shares of Agilysys in the 3rd quarter valued at approximately $46,000. Exchange Traded Concepts LLC lifted its holdings in shares of Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after buying an additional 205 shares during the period. Finally, CWM LLC boosted its stake in shares of Agilysys by 169.2% in the third quarter. CWM LLC now owns 673 shares of the software maker’s stock valued at $73,000 after buying an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

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