Agilysys (NASDAQ:AGYS) SVP Sells $958,104.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) SVP Kyle Badger sold 8,400 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $114.06, for a total transaction of $958,104.00. Following the completion of the transaction, the senior vice president directly owned 75,037 shares in the company, valued at approximately $8,558,720.22. This represents a 10.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Agilysys Trading Up 0.4%

Shares of NASDAQ AGYS opened at $113.80 on Friday. Agilysys, Inc. has a 12-month low of $61.50 and a 12-month high of $145.25. The stock has a market cap of $3.21 billion, a PE ratio of 75.36 and a beta of 0.37. The company has a 50-day moving average of $104.56 and a 200 day moving average of $85.50.

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

Analysts Set New Price Targets

A number of research firms have weighed in on AGYS. Piper Sandler boosted their price objective on Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Weiss Ratings raised Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Needham & Company LLC lifted their price target on Agilysys from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Zacks Research cut shares of Agilysys from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Agilysys currently has an average rating of “Moderate Buy” and an average price target of $124.60.

Hedge Funds Weigh In On Agilysys

A number of hedge funds have recently modified their holdings of the business. Nykredit A S purchased a new stake in Agilysys in the 2nd quarter valued at about $142,000. Benjamin Edwards Inc. acquired a new position in Agilysys in the second quarter valued at about $343,000. Penn Capital Management Company LLC boosted its stake in Agilysys by 18.9% during the second quarter. Penn Capital Management Company LLC now owns 231,237 shares of the software maker’s stock worth $24,208,000 after buying an additional 36,828 shares during the period. Formula Growth Ltd. acquired a new stake in shares of Agilysys during the second quarter valued at about $2,299,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Agilysys during the second quarter valued at about $313,000. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

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.