Agilysys (NASDAQ:AGYS) Insider Joe Ahmed Youssef Abdelrahman Sells 103 Shares

Agilysys, Inc. (NASDAQ:AGYS) insider Joe Ahmed Youssef Abdelrahman sold 103 shares of the company’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 $12,837.92. Following the completion of the sale, the insider directly owned 20,047 shares of the company’s stock, valued at $2,498,658.08. The trade was a 0.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Joe Ahmed Youssef Abdelrahman also recently made the following trade(s):

• On Tuesday, September 2nd, Joe Ahmed Youssef Abdelrahman sold 504 shares of Agilysys stock. The stock was sold at an average price of $106.88, for a total transaction of $53,867.52.

Agilysys Stock Performance

Shares of AGYS stock opened at $122.01 on Wednesday. Agilysys, Inc. has a 52-week low of $63.71 and a 52-week high of $145.25. The company has a 50-day simple moving average of $111.08 and a two-hundred day simple moving average of $106.15. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 141.87 and a beta of 0.61.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGYS. Cloud Capital Management LLC purchased a new position in Agilysys in the first quarter valued at about $86,000. Envestnet Asset Management Inc. raised 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 valued at $10,202,000 after purchasing an additional 34,660 shares during the period. Linden Thomas Advisory Services LLC raised its position in shares of Agilysys by 8.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 3,309 shares of the software maker’s stock valued at $240,000 after purchasing an additional 244 shares during the period. Banque Pictet & Cie SA bought a new stake in shares of Agilysys in the first quarter valued at approximately $292,000. Finally, Mutual of America Capital Management LLC raised its position in shares of Agilysys by 1,184.1% in the first quarter. Mutual of America Capital Management LLC now owns 43,506 shares of the software maker’s stock valued at $3,156,000 after purchasing an additional 40,118 shares during the period. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AGYS has been the subject of a number of recent analyst reports. Zacks Research raised shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $140.00 target price on shares of Agilysys in a research note on Tuesday, October 28th. Oppenheimer reiterated an “outperform” rating on shares of Agilysys in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Agilysys in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target 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.