Insider Selling: Agilysys (NASDAQ:AGYS) Director Sells 3,000 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Donald Colvin sold 3,000 shares of the firm’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $125.25, for a total value of $375,750.00. Following the completion of the transaction, the director owned 22,565 shares of the company’s stock, valued at approximately $2,826,266.25. This represents a 11.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Agilysys Trading Down 1.5%

Shares of NASDAQ:AGYS traded down $1.86 during midday trading on Thursday, hitting $121.59. 134,534 shares of the stock were exchanged, compared to its average volume of 326,774. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $129.52. The company has a 50 day moving average price of $109.47 and a 200-day moving average price of $92.70. The stock has a market cap of $3.43 billion, a P/E ratio of 77.94, a PEG ratio of 3.39 and a beta of 0.40.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, October 26th. The software maker reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.12. Agilysys had a net margin of 12.88% and a return on equity of 12.98%. The firm had revenue of $93.36 million for the quarter, compared to analysts’ expectations of $90.92 million. During the same period in the prior year, the company earned $0.41 EPS. The firm’s revenue was up 17.7% on a year-over-year basis. On average, equities research analysts expect that Agilysys, Inc. will post 1.83 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Agilysys by 36.0% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 393 shares of the software maker’s stock worth $38,000 after buying an additional 104 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Agilysys by 3.1% in the first quarter. Glenmede Trust Co. NA now owns 5,518 shares of the software maker’s stock valued at $393,000 after buying an additional 165 shares during the last quarter. HB Wealth Management LLC raised its position in shares of Agilysys by 3.4% in the second quarter. HB Wealth Management LLC now owns 6,088 shares of the software maker’s stock valued at $636,000 after buying an additional 198 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Agilysys by 123.9% during the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock valued at $44,000 after buying an additional 233 shares during the period. Finally, MCF Advisors LLC lifted its stake in shares of Agilysys by 120.3% during the second quarter. MCF Advisors LLC now owns 478 shares of the software maker’s stock valued at $50,000 after buying an additional 261 shares during the period. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AGYS has been the topic of several research reports. Weiss Ratings upgraded shares of Agilysys from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 30th. Wall Street Zen upgraded Agilysys from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. 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 note on Tuesday, October 27th. UBS Group set a $145.00 target price on Agilysys in a research note on Tuesday, October 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.25.

About Agilysys

Agilysys, Inc. develops software and technology solutions for the hospitality industry. Its products support hotels, resorts, casinos, restaurants, cruise lines, and other organizations that serve guests. The company’s offerings include property management and point-of-sale systems, as well as tools for inventory and procurement, guest engagement, payments, and operational analytics. Agilysys also provides implementation, support, and other services related to its software. Founded in 1963, Agilysys is headquartered in Alpharetta, Georgia, and serves hospitality businesses in North America and international markets.