Insider Selling: Agilysys (NASDAQ:AGYS) CFO Sells $111,476.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) CFO William Wood, III sold 961 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $116.00, for a total transaction of $111,476.00. Following the sale, the chief financial officer owned 35,872 shares of the company’s stock, valued at approximately $4,161,152. This represents a 2.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, August 18th, William Wood, III sold 6,000 shares of Agilysys stock. The stock was sold at an average price of $114.72, for a total transaction of $688,320.00.

Agilysys Stock Performance

Shares of AGYS stock opened at $119.76 on Friday. Agilysys, Inc. has a 52 week low of $61.50 and a 52 week high of $133.32. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 76.77, a PEG ratio of 3.35 and a beta of 0.40. The company has a 50-day simple moving average of $108.96 and a 200 day simple moving average of $92.40.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, October 26th. The software maker reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.12. The firm had revenue of $93.36 million for the quarter, compared to analysts’ expectations of $90.92 million. Agilysys had a net margin of 12.88% and a return on equity of 12.98%. The business’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. Sell-side analysts forecast that Agilysys, Inc. will post 1.83 EPS for the current year.

Institutional Trading of Agilysys

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in Agilysys in the 2nd quarter valued at about $431,704,000. William Blair Investment Management LLC acquired a new position in shares of Agilysys in the 2nd quarter valued at approximately $45,312,000. Deutsche Bank AG acquired a new position in shares of Agilysys in the 2nd quarter valued at approximately $21,593,000. Bamco Inc. NY bought a new stake in shares of Agilysys during the 2nd quarter worth approximately $20,597,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Agilysys during the 2nd quarter worth approximately $20,302,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AGYS shares. UBS Group set a $145.00 target price on Agilysys in a research note on Tuesday, October 27th. Weiss Ratings raised Agilysys from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 30th. Oppenheimer restated an “outperform” rating and issued a $135.00 price target (up from $118.00) on shares of Agilysys in a research note on Tuesday, October 27th. Needham & Company LLC boosted their price target on Agilysys from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Tuesday, October 27th. Finally, Zacks Research lowered Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.25.

About Agilysys

Agilysys, Inc develops and provides hospitality technology for hotels, resorts, casinos, cruise lines and other guest-focused businesses. Its software and services are designed to help operators manage core property functions, improve guest experiences and streamline food, beverage and retail operations.

The company’s product portfolio includes property-management systems, point-of-sale solutions, inventory and procurement tools, payment services, guest-facing applications, mobile ordering and resort-management software.