Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch Sells 2,000 Shares

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 2,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $77.87, for a total transaction of $155,740.00. Following the transaction, the director now owns 32,654 shares in the company, valued at approximately $2,542,766.98. This represents a 5.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Agilysys Trading Down 5.2 %

Agilysys stock opened at $73.96 on Tuesday. The firm has a market cap of $2.07 billion, a PE ratio of 92.45 and a beta of 0.98. Agilysys, Inc. has a 12 month low of $72.98 and a 12 month high of $142.64. The stock’s 50 day simple moving average is $99.33 and its two-hundred day simple moving average is $111.42. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $69.60 million for the quarter, compared to analyst estimates of $73.15 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business earned $0.35 earnings per share. Analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

AGYS has been the topic of a number of recent analyst reports. Northland Securities raised their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. UBS Group set a $100.00 target price on shares of Agilysys in a research note on Wednesday, March 5th. Needham & Company LLC reduced their price target on Agilysys from $125.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Craig Hallum lowered their price objective on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Oppenheimer dropped their target price on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Agilysys has a consensus rating of “Moderate Buy” and a consensus price target of $127.50.

Hedge Funds Weigh In On Agilysys

Several institutional investors and hedge funds have recently modified their holdings of AGYS. Advisors Asset Management Inc. boosted its position in Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after purchasing an additional 182 shares in the last quarter. Harbor Investment Advisory LLC raised its stake 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 worth $49,000 after buying an additional 193 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Agilysys by 381.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker’s stock worth $57,000 after buying an additional 336 shares during the period. Arcadia Investment Management Corp MI purchased a new position in shares of Agilysys during the 4th quarter valued at approximately $61,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Agilysys in the 4th quarter valued at $64,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.

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.