Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch Sells 750 Shares

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 750 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $75.33, for a total transaction of $56,497.50. Following the completion of the transaction, the director now owns 31,904 shares of the company’s stock, valued at $2,403,328.32. This represents a 2.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

John Mutch also recently made the following trade(s):

• On Friday, March 7th, John Mutch sold 2,000 shares of Agilysys stock. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00.

Agilysys Price Performance

Shares of AGYS traded up $2.82 during mid-day trading on Wednesday, hitting $78.32. 24,537 shares of the company were exchanged, compared to its average volume of 244,279. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 97.59 and a beta of 0.98. Agilysys, Inc. has a 1-year low of $71.37 and a 1-year high of $142.64. The company has a 50 day moving average of $92.52 and a 200-day moving average of $109.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 1.14.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the firm posted $0.35 earnings per share. Analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Analyst Ratings Changes

AGYS has been the topic of several analyst reports. Craig Hallum cut their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Oppenheimer lowered their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. Needham & Company LLC cut their price target on shares of Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Northland Securities boosted their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, UBS Group set a $100.00 price objective on shares of Agilysys in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Agilysys has a consensus rating of “Moderate Buy” and an average target price of $127.50.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AGYS. Vanguard Group Inc. raised its stake in shares of Agilysys by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 2,209,274 shares of the software maker’s stock valued at $290,983,000 after acquiring an additional 58,926 shares during the period. Lord Abbett & CO. LLC grew its holdings in shares of Agilysys by 10.3% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,167,685 shares of the software maker’s stock valued at $153,796,000 after purchasing an additional 108,827 shares in the last quarter. State Street Corp boosted its position in Agilysys by 5.0% in the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after buying an additional 43,760 shares during the period. FMR LLC grew its stake in shares of Agilysys by 58.3% in the fourth quarter. FMR LLC now owns 800,521 shares of the software maker’s stock worth $105,437,000 after acquiring an additional 294,831 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Agilysys by 412.9% in the fourth quarter. Invesco Ltd. now owns 727,794 shares of the software maker’s stock valued at $95,858,000 after acquiring an additional 585,886 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

About Agilysys

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.