Melvin L. Keating Sells 3,280 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin L. Keating sold 3,280 shares of Agilysys stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $122.84, for a total transaction of $402,915.20. Following the transaction, the director now directly owns 34,407 shares in the company, valued at approximately $4,226,555.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Agilysys Trading Up 1.0 %

NASDAQ:AGYS opened at $125.02 on Thursday. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 35.62 and a beta of 0.85. Agilysys, Inc. has a one year low of $73.52 and a one year high of $128.61. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The business’s 50-day simple moving average is $109.05 and its 200 day simple moving average is $103.66.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (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 company had revenue of $68.30 million for the quarter, compared to analyst estimates of $67.54 million. During the same period in the prior year, the company posted $0.25 EPS. Agilysys’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, sell-side analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of Agilysys by 162.1% in the 2nd 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. CWM LLC increased its holdings in Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after buying an additional 199 shares during the last quarter. Larson Financial Group LLC bought a new stake in Agilysys in the second quarter valued at about $32,000. Advisors Asset Management Inc. raised its stake in Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after buying an additional 182 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in Agilysys during the 3rd quarter worth approximately $46,000. 88.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AGYS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Agilysys in a research report on Tuesday, October 29th. Craig Hallum upped their target price on Agilysys from $105.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer boosted their price target on Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, BTIG Research lifted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. One 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.80.

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.