Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells $961,275.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $128.17, for a total transaction of $961,275.00. Following the sale, the director now directly owns 255,576 shares of the company’s stock, valued at approximately $32,757,175.92. The trade was a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, January 21st, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $125.49, for a total transaction of $941,175.00.
• On Wednesday, January 15th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.98, for a total transaction of $997,350.00.
• On Monday, January 13th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $126.26, for a total transaction of $946,950.00.
• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.29, for a total transaction of $977,175.00.
• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.04, for a total transaction of $990,300.00.
• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.34, for a total transaction 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 transaction of $979,125.00.

Agilysys Stock Performance

Shares of AGYS stock opened at $95.67 on Friday. The stock has a market capitalization of $2.67 billion, a P/E ratio of 119.59 and a beta of 0.94. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $131.35 and its 200 day moving average is $116.79. Agilysys, Inc. has a 12 month low of $74.03 and a 12 month high of $142.64.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $73,149.20 billion. Agilysys had a net margin of 8.45% and a return on equity of 9.44%. Agilysys’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 EPS. On average, sell-side analysts anticipate that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on AGYS. Needham & Company LLC dropped their target price on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday. BTIG Research boosted their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Craig Hallum dropped their target price on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday. Northland Securities boosted their target price on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $138.00.

Institutional Trading of Agilysys

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its holdings in 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 acquiring an additional 182 shares during the period. Harbor Investment Advisory LLC increased its holdings in Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after acquiring an additional 193 shares during the period. GAMMA Investing LLC increased its holdings in Agilysys by 66.7% during the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after acquiring an additional 166 shares during the period. NBC Securities Inc. bought a new stake in Agilysys during the 3rd quarter worth approximately $46,000. Finally, Exchange Traded Concepts LLC increased its holdings in Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after acquiring an additional 205 shares during the period. Institutional investors 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.