Agilysys (NASDAQ:AGYS) Insider Chris Robertson Sells 400 Shares

Agilysys, Inc. (NASDAQ:AGYS) insider Chris Robertson sold 400 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $124.64, for a total transaction of $49,856.00. Following the sale, the insider directly owned 16,187 shares in the company, valued at approximately $2,017,547.68. This represents a 2.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Agilysys Trading Down 4.1%

AGYS stock opened at $122.01 on Wednesday. The company has a market cap of $3.42 billion, a P/E ratio of 141.87 and a beta of 0.61. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $145.25. The company’s 50-day moving average price is $111.08 and its 200 day moving average price is $106.15.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. The firm had revenue of $36.34 million for the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. On average, equities research analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On Agilysys

Several institutional investors and hedge funds have recently bought and sold shares of AGYS. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Agilysys during the first quarter valued at about $1,078,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Agilysys by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker’s stock worth $102,000 after acquiring an additional 141 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Agilysys by 32.7% in the first quarter. Envestnet Asset Management Inc. now owns 140,646 shares of the software maker’s stock worth $10,202,000 after acquiring an additional 34,660 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Agilysys in the second quarter worth $1,207,000. Finally, Mutual of America Capital Management LLC increased its position in shares of Agilysys by 48.9% in the second quarter. Mutual of America Capital Management LLC now owns 64,774 shares of the software maker’s stock worth $7,426,000 after acquiring an additional 21,268 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AGYS has been the subject of a number of research reports. UBS Group set a $155.00 target price on shares of Agilysys in a research report on Tuesday, October 28th. Oppenheimer restated an “outperform” rating on shares of Agilysys in a research report on Tuesday, October 28th. Zacks Research raised Agilysys from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Agilysys from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $138.67.

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.