Agilysys (NASDAQ:AGYS) Shares Down 4% Following Insider Selling

Agilysys, Inc. (NASDAQ:AGYS)’s share price traded down 4% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $131.99 and last traded at $132.21. 32,406 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 216,228 shares. The stock had previously closed at $137.72.

Specifically, Director John Mutch sold 500 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $137.86, for a total transaction of $68,930.00. Following the completion of the transaction, the director now owns 34,654 shares in the company, valued at approximately $4,777,400.44. The trade was a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AGYS. Oppenheimer lifted their price target on shares of Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Northland Securities reiterated an “outperform” rating and set a $145.00 target price (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Needham & Company LLC increased their price target on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 15th. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, BTIG Research upped their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.80.

Agilysys Stock Performance

The stock’s 50-day moving average price is $114.09 and its 200 day moving average price is $106.96. The firm has a market cap of $3.70 billion, a P/E ratio of 39.24 and a beta of 0.85. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. The firm had revenue of $68.30 million for the quarter, compared to analysts’ expectations of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. As a group, equities analysts predict that Agilysys, Inc. will post 0.81 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. CWM LLC raised its stake in shares of Agilysys by 390.2% during the 2nd quarter. CWM LLC now owns 250 shares of the software maker’s stock worth $26,000 after purchasing an additional 199 shares in the last quarter. GAMMA Investing LLC raised its position in Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after acquiring an additional 154 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Agilysys in the second quarter valued at $32,000. Advisors Asset Management Inc. increased its stake in shares of Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after purchasing an additional 182 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Agilysys in the 3rd quarter valued at about $46,000. 88.00% of the stock is owned by institutional investors and hedge funds.

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.