Agilysys (NASDAQ:AGYS) CFO Sells $123,393.60 in Stock

Agilysys, Inc. (NASDAQ:AGYS) CFO William David Wood III sold 990 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $124.64, for a total value of $123,393.60. Following the completion of the transaction, the chief financial officer owned 41,636 shares in the company, valued at approximately $5,189,511.04. This trade represents a 2.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, November 4th, William David Wood III sold 584 shares of Agilysys stock. The shares were sold at an average price of $125.20, for a total value of $73,116.80.
• On Monday, October 27th, William David Wood III sold 6,000 shares of Agilysys stock. The shares were sold at an average price of $115.55, for a total value of $693,300.00.

Agilysys Trading Up 0.0%

Agilysys stock opened at $126.19 on Friday. The stock has a 50 day moving average of $111.76 and a 200-day moving average of $106.43. The stock has a market cap of $3.54 billion, a P/E ratio of 146.73 and a beta of 0.66. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $145.25.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $36.34 million for the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. As a group, equities analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on AGYS shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $140.00 price target on shares of Agilysys in a research note on Tuesday, October 28th. Zacks Research upgraded Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a research report on Wednesday, October 8th. Oppenheimer restated an “outperform” rating on shares of Agilysys in a research note on Tuesday, October 28th. Finally, Needham & Company LLC boosted their target price on shares of Agilysys from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $138.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AGYS. Assetmark Inc. increased its position in Agilysys by 27.2% in the third quarter. Assetmark Inc. now owns 1,062 shares of the software maker’s stock worth $112,000 after buying an additional 227 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of Agilysys by 29.3% during the third quarter. Public Sector Pension Investment Board now owns 98,932 shares of the software maker’s stock valued at $10,413,000 after acquiring an additional 22,447 shares during the period. Rhumbline Advisers grew its position in shares of Agilysys by 4.3% during the third quarter. Rhumbline Advisers now owns 60,195 shares of the software maker’s stock worth $6,336,000 after acquiring an additional 2,506 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Agilysys by 3.8% during the third quarter. Linden Thomas Advisory Services LLC now owns 3,613 shares of the software maker’s stock worth $380,000 after acquiring an additional 131 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Agilysys by 89.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,198 shares of the software maker’s stock worth $124,000 after acquiring an additional 566 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.