Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells $6,265,371.00 in Stock

Agilysys, Inc. (NASDAQ:AGYSGet Free Report) Director Mak Capital One Llc sold 66,795 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $93.80, for a total value of $6,265,371.00. Following the completion of the sale, the director now owns 1,582,757 shares of the company’s stock, valued at approximately $148,462,606.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Mak Capital One Llc also recently made the following trade(s):

  • On Monday, June 10th, Mak Capital One Llc sold 25,747 shares of Agilysys stock. The stock was sold at an average price of $92.88, for a total transaction of $2,391,381.36.
  • On Wednesday, June 5th, Mak Capital One Llc sold 28,429 shares of Agilysys stock. The shares were sold at an average price of $95.44, for a total transaction of $2,713,263.76.
  • On Monday, June 3rd, Mak Capital One Llc sold 47,562 shares of Agilysys stock. The stock was sold at an average price of $93.59, for a total transaction of $4,451,327.58.
  • On Thursday, May 30th, Mak Capital One Llc sold 27,796 shares of Agilysys stock. The shares were sold at an average price of $94.59, for a total transaction of $2,629,223.64.
  • On Tuesday, May 28th, Mak Capital One Llc sold 116,653 shares of Agilysys stock. The shares were sold at an average price of $100.12, for a total value of $11,679,298.36.
  • On Friday, May 24th, Mak Capital One Llc sold 39,955 shares of Agilysys stock. The stock was sold at an average price of $103.34, for a total value of $4,128,949.70.

Agilysys Stock Performance

Shares of AGYS stock opened at $90.52 on Friday. Agilysys, Inc. has a fifty-two week low of $63.08 and a fifty-two week high of $105.00. The firm has a market cap of $2.48 billion, a P/E ratio of 28.65 and a beta of 0.78. The business’s 50 day moving average price is $88.98 and its 200-day moving average price is $84.46.

Agilysys (NASDAQ:AGYSGet Free Report) last released its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. The business had revenue of $62.22 million for the quarter, compared to analysts’ expectations of $61.95 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, equities analysts predict that Agilysys, Inc. will post 0.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Needham & Company LLC increased their price objective on Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Finally, Oppenheimer boosted their price objective on shares of Agilysys from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.33.

View Our Latest Analysis on AGYS

Hedge Funds Weigh In On Agilysys

Several hedge funds and other institutional investors have recently modified their holdings of the stock. RiverPark Advisors LLC lifted its holdings in Agilysys by 53.2% in the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock worth $32,000 after buying an additional 133 shares during the period. YHB Investment Advisors Inc. bought a new position in shares of Agilysys in the 1st quarter worth approximately $35,000. Pacer Advisors Inc. lifted its stake in shares of Agilysys by 247.6% in the 4th quarter. Pacer Advisors Inc. now owns 511 shares of the software maker’s stock valued at $43,000 after purchasing an additional 364 shares during the period. Covestor Ltd boosted its position in shares of Agilysys by 20.0% during the third quarter. Covestor Ltd now owns 1,871 shares of the software maker’s stock valued at $124,000 after purchasing an additional 312 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in Agilysys by 6.2% in the first 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 during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

About Agilysys

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Agilysys (NASDAQ:AGYS)

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