Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells 7,500 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $126.26, for a total value of $946,950.00. Following the transaction, the director now owns 285,576 shares in the company, valued at approximately $36,056,825.76. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Kaufman 2012 Descendants Trust also recently made the following trade(s):

• On Wednesday, January 15th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $132.98, for a total transaction of $997,350.00.
• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.29, for a total transaction of $977,175.00.
• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.04, for a total transaction of $990,300.00.
• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00.
• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.55, for a total value of $979,125.00.

Agilysys Price Performance

Shares of AGYS opened at $121.81 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. Agilysys, Inc. has a twelve month low of $74.03 and a twelve month high of $142.64. The stock has a market capitalization of $3.40 billion, a P/E ratio of 34.70 and a beta of 0.94. The company has a 50 day moving average of $131.82 and a 200-day moving average of $116.44.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. During the same quarter last year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, equities research analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Hedge Funds Weigh In On Agilysys

Several hedge funds have recently modified their holdings of AGYS. Eagle Asset Management Inc. raised its holdings in Agilysys by 59.1% during the third quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock worth $16,959,000 after acquiring an additional 53,026 shares in the last quarter. State Street Corp raised its stake in shares of Agilysys by 5.0% during the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after purchasing an additional 43,760 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Agilysys by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock worth $57,614,000 after purchasing an additional 30,655 shares in the last quarter. Seven Eight Capital LP bought a new position in shares of Agilysys in the second quarter valued at $580,000. Finally, CWM LLC increased its holdings in Agilysys by 169.2% during the third quarter. CWM LLC now owns 673 shares of the software maker’s stock worth $73,000 after buying an additional 423 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AGYS. BTIG Research increased their price target on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer lifted their price target on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Northland Securities increased their price objective on shares of Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, Needham & Company LLC boosted their price objective on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $146.00.

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.