Agilysys (NASDAQ:AGYS) CEO Ramesh Srinivasan Sells 25,000 Shares

Agilysys, Inc. (NASDAQ:AGYS) CEO Ramesh Srinivasan sold 25,000 shares of Agilysys stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $108.15, for a total transaction of $2,703,750.00. Following the transaction, the chief executive officer owned 610,044 shares of the company’s stock, valued at approximately $65,976,258.60. The trade was a 3.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ramesh Srinivasan also recently made the following trade(s):

• On Thursday, August 6th, Ramesh Srinivasan sold 106,205 shares of Agilysys stock. The shares were sold at an average price of $106.62, for a total transaction of $11,323,577.10.
• On Wednesday, August 5th, Ramesh Srinivasan sold 66,205 shares of Agilysys stock. The shares were sold at an average price of $109.63, for a total transaction of $7,258,054.15.

Agilysys Price Performance

Shares of AGYS opened at $108.58 on Friday. Agilysys, Inc. has a 1-year low of $61.50 and a 1-year high of $145.25. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 71.91 and a beta of 0.37. The firm has a 50 day simple moving average of $100.26 and a 200-day simple moving average of $84.73.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on AGYS. Zacks Research lowered Agilysys from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a research note on Tuesday, July 28th. Oppenheimer restated an “outperform” rating and issued a $118.00 target price on shares of Agilysys in a report on Tuesday, July 28th. UBS Group set a $110.00 price target on shares of Agilysys in a research note on Wednesday, June 3rd. Finally, Piper Sandler lifted 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 data from MarketBeat, Agilysys presently has an average rating of “Moderate Buy” and a consensus price target of $123.60.

Institutional Investors Weigh In On Agilysys

Several hedge funds have recently made changes to their positions in the business. B. Metzler seel. Sohn & Co. AG purchased a new stake in Agilysys in the fourth quarter valued at approximately $2,622,000. Vanguard Group Inc. raised its stake in Agilysys by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock worth $286,160,000 after purchasing an additional 32,052 shares during the period. State of New Jersey Common Pension Fund D purchased a new position in shares of Agilysys in the 4th quarter worth $2,081,000. Jennison Associates LLC boosted its holdings in Agilysys by 20.7% in the fourth quarter. Jennison Associates LLC now owns 221,791 shares of the software maker’s stock valued at $26,358,000 after acquiring an additional 38,007 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Agilysys by 38.0% during the first quarter. Dimensional Fund Advisors LP now owns 377,038 shares of the software maker’s stock valued at $26,825,000 after acquiring an additional 103,752 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

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.