Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells 7,500 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $125.49, for a total value of $941,175.00. Following the transaction, the director now directly owns 248,076 shares in the company, valued at approximately $31,131,057.24. This represents a 2.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, January 17th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $128.17, for a total transaction of $961,275.00.
• On Wednesday, January 15th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.98, for a total transaction of $997,350.00.
• On Monday, January 13th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $126.26, for a total value of $946,950.00.
• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.29, for a total value of $977,175.00.
• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $132.04, for a total value of $990,300.00.
• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.34, for a total transaction of $977,550.00.
• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00.

Agilysys Trading Up 3.4 %

Shares of NASDAQ:AGYS opened at $125.90 on Wednesday. The stock has a 50 day moving average of $131.80 and a 200 day moving average of $116.74. The company has a market cap of $3.52 billion, a PE ratio of 35.87 and a beta of 0.94. Agilysys, Inc. has a 12-month low of $74.03 and a 12-month high of $142.64. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The firm had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $73,149.20 billion. During the same period in the prior year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities research analysts expect that Agilysys, Inc. will post 0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

AGYS has been the topic of a number of research analyst reports. BTIG Research boosted their price target on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Needham & Company LLC increased 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. Oppenheimer raised their price objective on Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Northland Securities upped their price target on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $146.00.

Hedge Funds Weigh In On Agilysys

Hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. raised its stake in Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares during the period. GAMMA Investing LLC raised its position in shares of Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock valued at $45,000 after buying an additional 166 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Agilysys in the third quarter worth $46,000. Harbor Investment Advisory LLC boosted its position in shares of Agilysys by 109.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after acquiring an additional 193 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

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.