William David Wood III Sells 6,000 Shares of Agilysys (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) CFO William David Wood III sold 6,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $114.72, for a total transaction of $688,320.00. Following the completion of the transaction, the chief financial officer directly owned 35,052 shares of the company’s stock, valued at approximately $4,021,165.44. The trade was a 14.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Agilysys Price Performance

AGYS opened at $113.38 on Friday. The company has a fifty day moving average price of $104.09 and a 200-day moving average price of $85.30. The firm has a market capitalization of $3.20 billion, a P/E ratio of 75.09 and a beta of 0.37. Agilysys, Inc. has a one year low of $61.50 and a one year high of $145.25.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. The company had revenue of $87.68 million for the quarter, compared to the consensus estimate of $85.97 million. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. On average, analysts expect that Agilysys, Inc. will post 1.73 earnings per share for the current year.

Institutional Trading of Agilysys

A number of hedge funds have recently bought and sold shares of AGYS. Advisors Asset Management Inc. boosted its stake in Agilysys by 30.1% in the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after buying an additional 159 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Agilysys by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker’s stock worth $972,000 after acquiring an additional 569 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Agilysys by 125.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after acquiring an additional 184,402 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Agilysys by 1,025.2% in the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock valued at $2,738,000 after purchasing an additional 34,395 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new stake in shares of Agilysys in the 2nd quarter valued at $231,000. Institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $118.00 price target on shares of Agilysys in a report on Tuesday, July 28th. UBS Group set a $110.00 price objective on shares of Agilysys in a research report on Wednesday, June 3rd. Weiss Ratings raised shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a research report on Tuesday, July 28th. Finally, Piper Sandler increased their price target on shares of Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Agilysys presently has a consensus rating of “Moderate Buy” and an average price target of $124.60.

Agilysys Company Profile

Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company’s solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.