Agilysys (NASDAQ:AGYS) CFO William David Wood III Sells 961 Shares of Company Stock

Agilysys, Inc. (NASDAQ:AGYS) CFO William Wood, III sold 961 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $116.00, for a total transaction of $111,476.00. Following the transaction, the chief financial officer owned 35,872 shares of the company’s stock, valued at approximately $4,161,152. The trade was a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

William David Wood III also recently made the following trade(s):

• On Tuesday, August 18th, William Wood, III sold 6,000 shares of Agilysys stock. The stock was sold at an average price of $114.72, for a total transaction of $688,320.00.

Agilysys Stock Performance

NASDAQ:AGYS opened at $119.87 on Wednesday. Agilysys, Inc. has a 52 week low of $61.50 and a 52 week high of $133.32. The firm’s fifty day moving average is $108.70 and its 200-day moving average is $92.33. The firm has a market cap of $3.38 billion, a P/E ratio of 77.62, a P/E/G ratio of 3.22 and a beta of 0.40.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, October 26th. The software maker reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. The business had revenue of $93.36 million during the quarter, compared to the consensus estimate of $90.92 million. Agilysys had a net margin of 12.88% and a return on equity of 12.98%. Agilysys’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. As a group, sell-side analysts anticipate that Agilysys, Inc. will post 1.83 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AGYS shares. Weiss Ratings raised Agilysys from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Needham & Company LLC upped their target price on Agilysys from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, October 27th. Wall Street Zen raised Agilysys from a “hold” rating to a “buy” rating in a research note on Saturday. Piper Sandler raised their target price on Agilysys from $120.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 27th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $135.00 target price (up from $118.00) on shares of Agilysys in a report on Tuesday, October 27th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Agilysys currently has an average rating of “Moderate Buy” and a consensus target price of $141.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE bought a new position in Agilysys in the second quarter worth approximately $16,554,000. BlackRock Inc. acquired a new stake in Agilysys in the second quarter valued at approximately $431,704,000. Jupiter Topco LLC bought a new stake in shares of Agilysys during the second quarter valued at approximately $1,244,000. Quantinno Capital Management LP increased its holdings in shares of Agilysys by 107.2% during the first quarter. Quantinno Capital Management LP now owns 9,579 shares of the software maker’s stock valued at $681,000 after acquiring an additional 4,955 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in Agilysys during the 2nd quarter valued at $1,420,000. 88.00% of the stock is owned by institutional investors.

Agilysys Company Profile

Agilysys, Inc develops and provides hospitality technology for hotels, resorts, casinos, cruise lines and other guest-focused businesses. Its software and services are designed to help operators manage core property functions, improve guest experiences and streamline food, beverage and retail operations.

The company’s product portfolio includes property-management systems, point-of-sale solutions, inventory and procurement tools, payment services, guest-facing applications, mobile ordering and resort-management software.