Agilysys (NASDAQ:AGYS) Director Sells 3,000 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Donald Colvin sold 3,000 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $125.25, for a total value of $375,750.00. Following the transaction, the director directly owned 22,565 shares in the company, valued at approximately $2,826,266.25. This represents a 11.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Agilysys Stock Performance

NASDAQ AGYS traded down $1.86 during trading hours on Thursday, hitting $121.59. 134,534 shares of the company’s stock were exchanged, compared to its average volume of 326,774. The business’s 50 day moving average is $109.47 and its 200-day moving average is $92.70. Agilysys, Inc. has a 12-month low of $61.50 and a 12-month high of $129.52. The firm has a market capitalization of $3.43 billion, a P/E ratio of 77.94, a price-to-earnings-growth ratio of 3.39 and a beta of 0.40.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, October 26th. The software maker reported $0.67 EPS for the quarter, beating the consensus estimate of $0.55 by $0.12. The company had revenue of $93.36 million during the quarter, compared to analysts’ expectations of $90.92 million. Agilysys had a return on equity of 12.98% and a net margin of 12.88%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. As a group, equities research analysts anticipate that Agilysys, Inc. will post 1.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Agilysys

A number of institutional investors have recently added to or reduced their stakes in AGYS. Optiver Holding B.V. increased its stake in Agilysys by 700.0% during the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after acquiring an additional 399 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Agilysys by 36.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 393 shares of the software maker’s stock worth $38,000 after purchasing an additional 104 shares during the period. Versant Capital Management Inc lifted its stake in shares of Agilysys by 123.9% in the 2nd quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock valued at $44,000 after purchasing an additional 233 shares in the last quarter. MCF Advisors LLC lifted its stake in shares of Agilysys by 120.3% in the 2nd quarter. MCF Advisors LLC now owns 478 shares of the software maker’s stock valued at $50,000 after purchasing an additional 261 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of Agilysys by 511.8% during the 3rd quarter. Covestor Ltd now owns 673 shares of the software maker’s stock worth $65,000 after purchasing an additional 563 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AGYS has been the topic of several research analyst reports. Weiss Ratings raised shares of Agilysys from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 30th. UBS Group set a $145.00 target price on shares of Agilysys in a report on Tuesday, October 27th. Wall Street Zen raised shares of Agilysys from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Needham & Company LLC increased their price target on shares of Agilysys from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Tuesday, October 27th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $135.00 price target (up from $118.00) on shares of Agilysys in a report on Tuesday, October 27th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.25.

About Agilysys

Agilysys, Inc. develops software and technology solutions for the hospitality industry. Its products support hotels, resorts, casinos, restaurants, cruise lines, and other organizations that serve guests. The company’s offerings include property management and point-of-sale systems, as well as tools for inventory and procurement, guest engagement, payments, and operational analytics. Agilysys also provides implementation, support, and other services related to its software. Founded in 1963, Agilysys is headquartered in Alpharetta, Georgia, and serves hospitality businesses in North America and international markets.