Kyle C. Badger Sells 249 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) SVP Kyle C. Badger sold 249 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $102.03, for a total transaction of $25,405.47. Following the completion of the transaction, the senior vice president now directly owns 115,834 shares of the company’s stock, valued at approximately $11,818,543.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Agilysys Trading Up 0.4 %

Shares of AGYS opened at $104.02 on Friday. The firm has a market cap of $2.86 billion, a PE ratio of 32.92 and a beta of 0.82. Agilysys, Inc. has a 12 month low of $63.78 and a 12 month high of $105.00. The stock has a fifty day moving average price of $93.85 and a 200-day moving average price of $85.95.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. The company had revenue of $62.22 million for the quarter, compared to analyst estimates of $61.95 million. Agilysys had a return on equity of 15.52% and a net margin of 36.30%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.26 EPS. As a group, research analysts forecast that Agilysys, Inc. will post 0.69 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AGYS. William Blair began coverage on Agilysys in a report on Monday, June 24th. They issued an “outperform” rating on the stock. Needham & Company LLC lifted their target price on Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Oppenheimer increased their price target on shares of Agilysys from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Finally, StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.33.

Hedge Funds Weigh In On Agilysys

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in Agilysys by 162.1% during the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. Castleark Management LLC increased its position in shares of Agilysys by 197.6% in the 1st quarter. Castleark Management LLC now owns 49,944 shares of the software maker’s stock valued at $4,208,000 after acquiring an additional 33,161 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Agilysys in the 1st quarter worth $3,532,000. Price T Rowe Associates Inc. MD lifted its position in Agilysys by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 403,153 shares of the software maker’s stock worth $33,970,000 after acquiring an additional 20,703 shares during the period. Finally, Brown Capital Management LLC purchased a new stake in Agilysys during the 1st quarter valued at about $6,054,000. 88.00% of the stock is owned by hedge funds and other institutional investors.

About Agilysys

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.