Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Insider Sells 264 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) insider Chris J. Robertson sold 264 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $100.86, for a total value of $26,627.04. Following the transaction, the insider now directly owns 22,624 shares of the company’s stock, valued at $2,281,856.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Agilysys Trading Up 11.1 %

NASDAQ AGYS opened at $115.73 on Thursday. The business’s 50-day moving average price is $108.30 and its two-hundred day moving average price is $102.48. Agilysys, Inc. has a 12 month low of $73.52 and a 12 month high of $125.73. The firm has a market capitalization of $3.23 billion, a PE ratio of 32.97 and a beta of 0.85. 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 released its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. During the same quarter in the previous year, the company posted $0.25 EPS. The business’s revenue was up 16.6% on a year-over-year basis. On average, analysts expect that Agilysys, Inc. will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Agilysys

A number of institutional investors have recently made changes to their positions in the stock. US Bancorp DE grew its position in shares of Agilysys by 11.2% in the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after buying an additional 122 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Agilysys by 162.1% during the 2nd quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. RiverPark Advisors LLC boosted its position in shares of Agilysys by 9.6% during the 2nd quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock valued at $202,000 after purchasing an additional 170 shares in the last quarter. CWM LLC boosted its position in shares of Agilysys by 390.2% during the 2nd 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. Finally, Louisiana State Employees Retirement System boosted its position in shares of Agilysys by 2.0% during the 2nd 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. Institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on AGYS shares. Needham & Company LLC reissued a “buy” rating and set a $125.00 price target on shares of Agilysys in a report on Tuesday, October 29th. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer upped their target price on Agilysys from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Craig Hallum upped their target price on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $145.00 target price (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.80.

About Agilysys

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.