John Mutch Sells 500 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 500 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $110.83, for a total transaction of $55,415.00. Following the completion of the sale, the director now directly owns 31,404 shares of the company’s stock, valued at approximately $3,480,505.32. The trade was a 1.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

John Mutch also recently made the following trade(s):

• On Monday, March 17th, John Mutch sold 750 shares of Agilysys stock. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50.

Agilysys Stock Down 2.1%

AGYS stock opened at $111.32 on Wednesday. The stock has a market capitalization of $3.12 billion, a P/E ratio of 139.15 and a beta of 0.73. 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, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The firm has a 50-day moving average price of $84.60 and a 200-day moving average price of $97.55.

Agilysys (NASDAQ:AGYS) last posted its earnings results on Monday, May 19th. The software maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.28. The firm had revenue of $74.27 million during the quarter, compared to analysts’ expectations of $71.43 million. Agilysys had a net margin of 8.45% and a return on equity of 9.38%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 earnings per share. As a group, equities research analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AGYS. Nuveen LLC bought a new position in shares of Agilysys in the first quarter worth about $80,730,000. Invesco Ltd. increased its stake in shares of Agilysys by 412.9% in the fourth quarter. Invesco Ltd. now owns 727,794 shares of the software maker’s stock valued at $95,858,000 after buying an additional 585,886 shares during the period. Franklin Resources Inc. increased its stake in shares of Agilysys by 521.7% in the fourth quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker’s stock valued at $80,347,000 after buying an additional 511,900 shares during the period. Riverbridge Partners LLC acquired a new position in shares of Agilysys in the first quarter valued at approximately $32,913,000. Finally, Conestoga Capital Advisors LLC increased its stake in shares of Agilysys by 105.2% in the first quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker’s stock valued at $53,030,000 after buying an additional 374,800 shares during the period. Institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $105.00 price objective (up previously from $100.00) on shares of Agilysys in a research report on Tuesday, May 20th. Oppenheimer cut their price objective on shares of Agilysys from $135.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. UBS Group set a $100.00 price objective on shares of Agilysys in a research report on Wednesday, March 5th. Cantor Fitzgerald assumed coverage on shares of Agilysys in a research report on Tuesday, June 3rd. They set an “overweight” rating and a $125.00 price objective for the company. Finally, Northland Securities set a $152.00 price objective on shares of Agilysys in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.57.

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.