Kaufman 2012 Descendants Trust Sells 7,500 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $132.04, for a total value of $990,300.00. Following the completion of the transaction, the director now directly owns 300,576 shares in the company, valued at approximately $39,688,055.04. The trade was a 2.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kaufman 2012 Descendants Trust also recently made the following trade(s):

• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.29, for a total transaction of $977,175.00.
• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.34, for a total value of $977,550.00.
• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.55, for a total value of $979,125.00.

Agilysys Price Performance

Agilysys stock traded down $6.48 during trading hours on Friday, hitting $128.08. 167,161 shares of the company traded hands, compared to its average volume of 139,610. The firm’s 50-day simple moving average is $129.56 and its two-hundred day simple moving average is $115.29. The firm has a market cap of $3.58 billion, a P/E ratio of 36.49 and a beta of 0.94. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $142.64. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19.

Agilysys (NASDAQ:AGYS) last released its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The firm had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. During the same period in the prior year, the firm posted $0.25 earnings per share. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, analysts forecast that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

AGYS has been the subject of several recent research reports. Needham & Company LLC upped their target price on Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 15th. BTIG Research upped their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Oppenheimer increased their target price on Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Northland Securities boosted their price target on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Agilysys currently has an average rating of “Moderate Buy” and a consensus price target of $146.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AGYS. US Bancorp DE lifted its position in shares of Agilysys by 11.2% during the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after acquiring an additional 122 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Agilysys by 66.7% during the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after purchasing an additional 166 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after purchasing an additional 182 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after purchasing an additional 205 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in Agilysys by 4.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,589 shares of the software maker’s stock worth $827,000 after purchasing an additional 312 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

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.