Agilysys (NASDAQ:AGYS) SVP Kyle Badger Sells 8,400 Shares

Agilysys, Inc. (NASDAQ:AGYS) SVP Kyle Badger sold 8,400 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $114.06, for a total value of $958,104.00. Following the sale, the senior vice president directly owned 75,037 shares in the company, valued at approximately $8,558,720.22. The trade was a 10.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Agilysys Stock Performance

Shares of NASDAQ AGYS opened at $116.71 on Thursday. Agilysys, Inc. has a 1 year low of $61.50 and a 1 year high of $145.25. The firm has a market cap of $3.29 billion, a P/E ratio of 77.29 and a beta of 0.37. The stock has a fifty day moving average price of $103.66 and a two-hundred day moving average price of $85.11.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, July 27th. The software maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.09. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.The business had revenue of $87.68 million during the quarter, compared to analysts’ expectations of $85.97 million. During the same quarter last year, the business posted $0.33 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. On average, research analysts predict that Agilysys, Inc. will post 1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. B. Metzler seel. Sohn & Co. AG purchased a new position in Agilysys during the 4th quarter valued at about $2,622,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Agilysys in the fourth quarter worth approximately $2,081,000. Vanguard Group Inc. boosted its holdings in shares of Agilysys by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock worth $286,160,000 after purchasing an additional 32,052 shares during the period. Jennison Associates LLC boosted its holdings in shares of Agilysys by 20.7% during the fourth quarter. Jennison Associates LLC now owns 221,791 shares of the software maker’s stock worth $26,358,000 after purchasing an additional 38,007 shares during the period. Finally, Quantinno Capital Management LP grew its position in Agilysys by 107.2% during the first quarter. Quantinno Capital Management LP now owns 9,579 shares of the software maker’s stock valued at $681,000 after purchasing an additional 4,955 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Oppenheimer restated an “outperform” rating and set a $118.00 target price on shares of Agilysys in a report on Tuesday, July 28th. Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 13th. Piper Sandler raised their price objective on Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. UBS Group set a $110.00 target price on Agilysys in a report on Wednesday, June 3rd. Finally, Zacks Research cut Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Agilysys presently has an average rating of “Moderate Buy” and an average target price of $124.60.

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.