Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) CFO Sells $250,598.70 in Stock

Agilysys, Inc. (NASDAQ:AGYS) CFO William David Wood III sold 1,870 shares of Agilysys stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $134.01, for a total value of $250,598.70. Following the sale, the chief financial officer now directly owns 47,609 shares of the company’s stock, valued at approximately $6,380,082.09. This trade represents a 3.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

William David Wood III also recently made the following trade(s):

• On Friday, November 1st, William David Wood III sold 588 shares of Agilysys stock. The stock was sold at an average price of $100.86, for a total transaction of $59,305.68.

Agilysys Stock Down 1.3 %

Shares of NASDAQ:AGYS opened at $131.94 on Friday. The stock’s 50-day moving average is $117.88 and its 200 day moving average is $108.71. The company has a market cap of $3.69 billion, a PE ratio of 37.59 and a beta of 0.93. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. Agilysys, Inc. has a 1 year low of $73.52 and a 1 year high of $139.99.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $67.54 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. Sell-side analysts anticipate that Agilysys, Inc. will post 0.81 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its stake 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. GAMMA Investing LLC boosted its position in 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 acquiring an additional 154 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Agilysys during the 2nd quarter worth approximately $32,000. Advisors Asset Management Inc. raised its position in shares of Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Agilysys in the 3rd quarter valued at approximately $46,000. 88.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.