Agilysys, Inc. (NASDAQ:AGYS) CEO Ramesh Srinivasan Sells 10,000 Shares

Agilysys, Inc. (NASDAQ:AGYS) CEO Ramesh Srinivasan sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $102.03, for a total transaction of $1,020,300.00. Following the completion of the transaction, the chief executive officer now owns 738,367 shares of the company’s stock, valued at $75,335,585.01. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ramesh Srinivasan also recently made the following trade(s):

• On Thursday, September 5th, Ramesh Srinivasan sold 10,000 shares of Agilysys stock. The stock was sold at an average price of $106.78, for a total value of $1,067,800.00.
• On Tuesday, September 3rd, Ramesh Srinivasan sold 10,000 shares of Agilysys stock. The shares were sold at an average price of $109.77, for a total value of $1,097,700.00.

Agilysys Trading Down 0.8 %

AGYS stock traded down $0.80 during trading on Tuesday, reaching $100.40. 283,243 shares of the stock were exchanged, compared to its average volume of 215,634. Agilysys, Inc. has a twelve month low of $63.78 and a twelve month high of $114.70. The firm’s 50 day moving average is $107.77 and its 200 day moving average is $94.26. The firm has a market cap of $2.80 billion, a P/E ratio of 31.98 and a beta of 0.83.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, July 22nd. The software maker reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Agilysys had a return on equity of 12.75% and a net margin of 40.32%. The company had revenue of $63.50 million for the quarter, compared to analyst estimates of $64.52 million. During the same period in the prior year, the firm earned $0.18 earnings per share. Agilysys’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, analysts predict that Agilysys, Inc. will post 0.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Agilysys in a research report on Tuesday, July 23rd. William Blair initiated coverage on Agilysys in a research report on Monday, June 24th. They issued an “outperform” rating for the company. BTIG Research upped their target price on Agilysys from $95.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Craig Hallum boosted their price target on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Agilysys has an average rating of “Moderate Buy” and a consensus target price of $122.00.

Hedge Funds Weigh In On Agilysys

Several large investors have recently added to or reduced their stakes in AGYS. GAMMA Investing LLC raised its stake in shares of Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after purchasing an additional 154 shares during the last quarter. RiverPark Advisors LLC grew its stake in shares of Agilysys by 9.6% in the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock worth $202,000 after acquiring an additional 170 shares in the last quarter. CWM LLC lifted its position in shares of Agilysys by 390.2% during the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after purchasing an additional 199 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Agilysys by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the software maker’s stock valued at $1,062,000 after purchasing an additional 200 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in Agilysys by 6.2% in the 1st quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock worth $294,000 after purchasing an additional 204 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.