Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Insider Sells 4,000 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) insider Chris J. Robertson sold 4,000 shares of Agilysys stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $108.83, for a total transaction of $435,320.00. Following the sale, the insider now directly owns 22,888 shares in the company, valued at approximately $2,490,901.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Agilysys Price Performance

NASDAQ:AGYS opened at $113.10 on Friday. The company’s 50-day moving average is $107.19 and its two-hundred day moving average is $93.11. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 35.79 and a beta of 0.82. Agilysys, Inc. has a 1-year low of $63.78 and a 1-year high of $114.70.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, July 22nd. The software maker reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $63.50 million for the quarter, compared to analysts’ expectations of $64.52 million. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share. As a group, equities analysts anticipate that Agilysys, Inc. will post 0.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Agilysys

Several large investors have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in Agilysys by 162.1% in the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after buying an additional 154 shares during the period. CWM LLC increased its position in shares of Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after acquiring an additional 199 shares during the last quarter. Larson Financial Group LLC purchased a new stake in shares of Agilysys in the 2nd quarter valued at approximately $32,000. YHB Investment Advisors Inc. acquired a new position in shares of Agilysys in the 1st quarter worth approximately $35,000. Finally, RiverPark Advisors LLC boosted its position in shares of Agilysys by 361.1% during the 1st quarter. RiverPark Advisors LLC now owns 1,766 shares of the software maker’s stock worth $149,000 after purchasing an additional 1,383 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AGYS. Craig Hallum raised their price target on shares of Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. William Blair started coverage on shares of Agilysys in a research note on Monday, June 24th. They issued an “outperform” rating on the stock. BTIG Research boosted their target price on Agilysys from $95.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price target on shares of Agilysys in a report on Tuesday, July 23rd. Finally, Oppenheimer boosted their price objective on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.00.

Agilysys Company Profile

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.