Agilysys (NASDAQ:AGYS) Director Melvin Keating Buys 240 Shares

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin Keating acquired 240 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average price of $68.12 per share, for a total transaction of $16,348.80. Following the completion of the purchase, the director owned 35,407 shares of the company’s stock, valued at approximately $2,411,924.84. This represents a 0.68% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Agilysys Stock Performance

Agilysys stock traded up $1.03 during mid-day trading on Thursday, reaching $68.57. 18,854 shares of the company were exchanged, compared to its average volume of 351,567. The firm has a market cap of $1.93 billion, a P/E ratio of 64.08 and a beta of 0.36. The business has a fifty day moving average of $87.63 and a 200 day moving average of $106.80. Agilysys, Inc. has a 12-month low of $63.71 and a 12-month high of $145.25.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, January 26th. The software maker reported $0.42 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.04). Agilysys had a return on equity of 10.71% and a net margin of 9.79%.The company had revenue of $80.39 million during the quarter, compared to the consensus estimate of $79.07 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. Sell-side analysts predict that Agilysys, Inc. will post 0.8 EPS for the current year.

Institutional Trading of Agilysys

Several large investors have recently bought and sold shares of AGYS. Advisors Asset Management Inc. raised its holdings in shares of Agilysys by 30.1% in the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after buying an additional 159 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Agilysys by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker’s stock valued at $972,000 after buying an additional 569 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Agilysys by 125.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after acquiring an additional 184,402 shares during the period. Jane Street Group LLC increased its position in shares of Agilysys by 1,025.2% in the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock valued at $2,738,000 after acquiring an additional 34,395 shares during the period. Finally, Savant Capital LLC purchased a new position in Agilysys in the 2nd quarter worth $317,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

AGYS has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a research report on Wednesday, January 21st. Needham & Company LLC cut their price target on shares of Agilysys from $140.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. BTIG Research started coverage on Agilysys in a research report on Tuesday, December 16th. They set a “neutral” rating on the stock. Finally, UBS Group reissued a “buy” rating on shares of Agilysys in a research report on Monday, December 15th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.40.

Agilysys Company Profile

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.