Agilysys (NASDAQ:AGYS) CFO William David Wood III Sells 6,000 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) CFO William David Wood III sold 6,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $114.72, for a total value of $688,320.00. Following the completion of the transaction, the chief financial officer directly owned 35,052 shares in the company, valued at approximately $4,021,165.44. This represents a 14.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Agilysys Stock Performance

Shares of NASDAQ:AGYS opened at $116.71 on Thursday. The business has a fifty day moving average of $103.66 and a 200-day moving average of $85.11. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $145.25. The firm has a market cap of $3.29 billion, a PE ratio of 77.29 and a beta of 0.37.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 EPS 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 firm 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 earned $0.33 EPS. The company’s revenue was up 14.3% on a year-over-year basis. On average, analysts anticipate that Agilysys, Inc. will post 1.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on AGYS. Oppenheimer reissued an “outperform” rating and issued a $118.00 target price on shares of Agilysys in a research note on Tuesday, July 28th. Piper Sandler boosted their price objective on Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 13th. Zacks Research lowered shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Needham & Company LLC upped their price objective on shares of Agilysys from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.60.

Hedge Funds Weigh In On Agilysys

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. acquired a new position in shares of Agilysys during the second quarter worth about $343,000. Penn Capital Management Company LLC lifted its stake in Agilysys by 18.9% in the 2nd quarter. Penn Capital Management Company LLC now owns 231,237 shares of the software maker’s stock valued at $24,208,000 after acquiring an additional 36,828 shares in the last quarter. Formula Growth Ltd. acquired a new position in Agilysys during the 2nd quarter worth approximately $2,299,000. Capstone Investment Advisors LLC acquired a new position in Agilysys during the 2nd quarter worth approximately $313,000. Finally, Corient Private Wealth LP bought a new position in shares of Agilysys during the 2nd quarter worth approximately $255,000. 88.00% of the stock is owned by institutional investors and hedge funds.

About Agilysys

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.