Kaufman 2012 Descendants Trust Sells 7,500 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00. Following the completion of the sale, the director now owns 330,576 shares of the company’s stock, valued at approximately $43,156,696.80. This trade represents a 2.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 value of $977,550.00.

Agilysys Stock Performance

NASDAQ AGYS opened at $130.04 on Wednesday. The firm has a market cap of $3.63 billion, a P/E ratio of 37.05 and a beta of 0.94. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $127.60 and its 200-day moving average is $114.80. Agilysys, Inc. has a 12-month low of $73.52 and a 12-month high of $142.64.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data 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. The business had revenue of $68.30 million during the quarter, compared to analyst estimates of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. Agilysys’s revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 EPS. Sell-side analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Institutional Trading of Agilysys

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC bought a new position in Agilysys in the 2nd quarter worth about $32,000. Advisors Asset Management Inc. lifted its holdings in shares of Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Agilysys by 66.7% in the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after buying an additional 166 shares in the last quarter. NBC Securities Inc. purchased a new position in Agilysys during the third quarter valued at approximately $46,000. Finally, Exchange Traded Concepts LLC increased its holdings in Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after acquiring an additional 205 shares during the period. 88.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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