Agilysys (NASDAQ:AGYS) SVP Kyle Badger Sells 8,400 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) SVP Kyle Badger sold 8,400 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $114.06, for a total value of $958,104.00. Following the completion of the transaction, the senior vice president directly owned 75,037 shares of the company’s stock, valued at $8,558,720.22. The trade was a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Agilysys Price Performance

Shares of AGYS traded up $4.75 during midday trading on Wednesday, hitting $116.71. 353,227 shares of the company traded hands, compared to its average volume of 351,131. The stock has a 50-day moving average of $103.15 and a 200-day moving average of $84.89. Agilysys, Inc. has a one year low of $61.50 and a one year high of $145.25. The firm has a market cap of $3.29 billion, a P/E ratio of 77.29 and a beta of 0.37.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, July 27th. The software maker reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The business had revenue of $87.68 million for the quarter, compared to analyst estimates of $85.97 million. During the same quarter in the prior year, the firm posted $0.33 EPS. Agilysys’s revenue was up 14.3% on a year-over-year basis. Sell-side analysts forecast that Agilysys, Inc. will post 1.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AGYS. Needham & Company LLC boosted their price objective on shares of Agilysys from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a research report on Tuesday, July 28th. UBS Group set a $110.00 target price on shares of Agilysys in a research report on Wednesday, June 3rd. Piper Sandler lifted their target price on Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $118.00 price target on shares of Agilysys in a research report on Tuesday, July 28th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Agilysys presently has an average rating of “Moderate Buy” and an average price target of $124.60.

Institutional Trading of Agilysys

Several institutional investors have recently modified their holdings of the stock. ProShare Advisors LLC increased its holdings in shares of Agilysys by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 5,023 shares of the software maker’s stock worth $597,000 after acquiring an additional 153 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Agilysys by 30.1% in the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock valued at $50,000 after acquiring an additional 159 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of Agilysys by 3.1% during the 1st quarter. Glenmede Trust Co. NA now owns 5,518 shares of the software maker’s stock worth $393,000 after purchasing an additional 165 shares during the last quarter. NewEdge Advisors LLC raised its position in Agilysys by 4.5% during the fourth quarter. NewEdge Advisors LLC now owns 3,947 shares of the software maker’s stock worth $469,000 after acquiring an additional 170 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Agilysys by 419.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after purchasing an additional 172 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Company Profile

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.