Insider Selling: Agilysys (NASDAQ:AGYS) Insider Sells 504 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) insider Joe Ahmed Youssef Abdelrahman sold 504 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $106.88, for a total value of $53,867.52. Following the completion of the sale, the insider owned 19,731 shares in the company, valued at approximately $2,108,849.28. This represents a 2.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Joe Ahmed Youssef Abdelrahman also recently made the following trade(s):

• On Monday, November 3rd, Joe Ahmed Youssef Abdelrahman sold 103 shares of Agilysys stock. The stock was sold at an average price of $124.64, for a total value of $12,837.92.

Agilysys Price Performance

Shares of NASDAQ AGYS traded down $5.25 during midday trading on Tuesday, hitting $122.01. 234,335 shares of the company’s stock were exchanged, compared to its average volume of 290,644. The firm’s fifty day simple moving average is $111.08 and its 200-day simple moving average is $106.15. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $145.25. The company has a market cap of $3.42 billion, a PE ratio of 141.87 and a beta of 0.61.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share for the quarter. The firm had revenue of $36.34 million during the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. Equities analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Agilysys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Agilysys during the first quarter valued at approximately $80,730,000. William Blair Investment Management LLC acquired a new stake in shares of Agilysys in the second quarter worth $58,993,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Agilysys during the first quarter worth $16,343,000. Wellington Management Group LLP boosted its stake in Agilysys by 99.3% during the first quarter. Wellington Management Group LLP now owns 388,978 shares of the software maker’s stock worth $28,216,000 after buying an additional 193,812 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Agilysys by 125.0% during the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after buying an additional 184,402 shares in the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Analysts Set New Price Targets

AGYS has been the subject of several recent research reports. Wall Street Zen upgraded shares of Agilysys from a “hold” rating to a “buy” rating in a research note on Saturday. Oppenheimer reiterated an “outperform” rating on shares of Agilysys in a research note on Tuesday, October 28th. Cantor Fitzgerald reiterated an “overweight” rating and set a $140.00 target price on shares of Agilysys in a research note on Tuesday, October 28th. UBS Group set a $155.00 target price on shares of Agilysys in a research note on Tuesday, October 28th. Finally, Zacks Research upgraded shares of Agilysys from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $138.67.

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.