Agilysys, Inc. (NASDAQ:AGYS) Director Sells $979,125.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total value of $979,125.00. Following the completion of the sale, the director now owns 330,576 shares in the company, valued at $43,156,696.80. The trade was a 2.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Kaufman 2012 Descendants Trust also recently made the following trade(s):

• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.34, for a total transaction of $977,550.00.

Agilysys Price Performance

NASDAQ AGYS traded down $3.11 on Monday, reaching $130.15. The company’s stock had a trading volume of 122,939 shares, compared to its average volume of 130,180. The firm’s 50 day moving average is $127.23 and its two-hundred day moving average is $114.55. The stock has a market cap of $3.64 billion, a PE ratio of 37.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. Agilysys, Inc. has a twelve month low of $73.52 and a twelve month high of $142.64.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. As a group, sell-side analysts predict that Agilysys, Inc. will post 0.81 EPS for the current year.

Hedge Funds Weigh In On Agilysys

A number of hedge funds have recently modified their holdings of the stock. Eagle Asset Management Inc. boosted its position in shares of Agilysys by 59.1% in the 3rd quarter. Eagle Asset Management Inc. now owns 142,738 shares of the software maker’s stock valued at $16,959,000 after purchasing an additional 53,026 shares during the period. State Street Corp boosted its holdings in shares of Agilysys by 5.0% in the third quarter. State Street Corp now owns 918,823 shares of the software maker’s stock worth $100,124,000 after buying an additional 43,760 shares during the period. Geode Capital Management LLC raised its holdings in shares of Agilysys by 6.2% during the third quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after acquiring an additional 30,655 shares during the period. Seven Eight Capital LP purchased a new stake in shares of Agilysys in the 2nd quarter valued at approximately $580,000. Finally, Natixis Advisors LLC acquired a new position in Agilysys in the 2nd quarter worth approximately $1,111,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on AGYS. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. BTIG Research raised their target price on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Oppenheimer boosted their price target on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Needham & Company LLC increased their price target on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $145.00 price objective (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Agilysys presently has a consensus rating of “Moderate Buy” and a consensus target price 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.