Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Insider Sells $97,693.29 in Stock

Agilysys, Inc. (NASDAQ:AGYS) insider Chris J. Robertson sold 729 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $134.01, for a total value of $97,693.29. Following the sale, the insider now owns 21,895 shares of the company’s stock, valued at approximately $2,934,148.95. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Agilysys Stock Performance

NASDAQ AGYS opened at $133.66 on Friday. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $139.99. The firm has a 50-day moving average of $118.40 and a 200-day moving average of $108.92. 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 stock has a market cap of $3.74 billion, a PE ratio of 38.08 and a beta of 0.93.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping 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 last year, the company earned $0.25 EPS. The company’s revenue was up 16.6% on a year-over-year basis. On average, sell-side analysts anticipate that Agilysys, Inc. will post 0.81 EPS for the current year.

Institutional Trading of Agilysys

Several institutional investors have recently added to or reduced their stakes in AGYS. US Bancorp DE boosted its stake in Agilysys by 11.2% during the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after acquiring an additional 122 shares in 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 worth $26,000 after purchasing an additional 154 shares in the last quarter. RiverPark Advisors LLC boosted its holdings in Agilysys by 9.6% in the second 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. Advisors Asset Management Inc. grew its stake in Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after acquiring an additional 182 shares during the period. Finally, CWM LLC increased its holdings 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 acquiring an additional 199 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Oppenheimer boosted their price objective on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday. Needham & Company LLC increased their price objective on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. Northland Securities reaffirmed an “outperform” rating and set a $145.00 target price (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. BTIG Research increased their price target on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $137.80.

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.