Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells $941,175.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $125.49, for a total transaction of $941,175.00. Following the completion of the sale, the director now directly owns 248,076 shares of the company’s stock, valued at approximately $31,131,057.24. This trade represents a 2.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, January 17th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $128.17, for a total transaction of $961,275.00.
• On Wednesday, January 15th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.98, for a total transaction of $997,350.00.
• On Monday, January 13th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $126.26, for a total transaction of $946,950.00.
• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.29, for a total transaction of $977,175.00.
• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $132.04, for a total transaction of $990,300.00.
• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00.
• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00.

Agilysys Stock Performance

AGYS opened at $95.67 on Friday. Agilysys, Inc. has a 52-week low of $74.03 and a 52-week high of $142.64. The firm’s 50-day moving average price is $131.35 and its 200-day moving average price is $116.79. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The company has a market cap of $2.67 billion, a P/E ratio of 119.59 and a beta of 0.94.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a net margin of 8.45% and a return on equity of 9.44%. The company had revenue of $69.60 million during the quarter, compared to analyst estimates of $73,149.20 billion. During the same period last year, the firm posted $0.35 EPS. Agilysys’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities analysts anticipate that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on AGYS shares. Oppenheimer decreased their price target on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday. Needham & Company LLC decreased their price target on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday. Craig Hallum decreased their price target on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday. BTIG Research upped their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Hedge Funds Weigh In On Agilysys

A number of institutional investors have recently bought and sold shares of AGYS. Advisors Asset Management Inc. raised its position in Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares during the last quarter. GAMMA Investing LLC raised its position in Agilysys by 66.7% during the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after buying an additional 166 shares during the last quarter. NBC Securities Inc. purchased a new position in Agilysys during the 3rd quarter worth approximately $46,000. Harbor Investment Advisory LLC increased its holdings in shares of Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock valued at $49,000 after purchasing an additional 193 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after purchasing an additional 205 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

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.