Agilysys (NASDAQ:AGYS) Stock: Insider William David Wood III Sells 961 Shares

Agilysys, Inc. (NASDAQ:AGYS) CFO William Wood, III sold 961 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $116.00, for a total transaction of $111,476.00. Following the sale, the chief financial officer owned 35,872 shares of the company’s stock, valued at $4,161,152. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

William David Wood III also recently made the following trade(s):

• On Tuesday, August 18th, William Wood, III sold 6,000 shares of Agilysys stock. The shares were sold at an average price of $114.72, for a total value of $688,320.00.

Agilysys Trading Up 1.6%

AGYS stock traded up $1.89 during trading on Tuesday, hitting $119.87. The company had a trading volume of 298,834 shares, compared to its average volume of 334,374. Agilysys, Inc. has a fifty-two week low of $61.50 and a fifty-two week high of $133.32. The company has a fifty day moving average price of $108.70 and a two-hundred day moving average price of $92.33. The company has a market cap of $3.38 billion, a P/E ratio of 77.62, a P/E/G ratio of 3.22 and a beta of 0.40.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, October 26th. The software maker reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. Agilysys had a net margin of 12.88% and a return on equity of 12.98%. The company had revenue of $93.36 million during the quarter, compared to the consensus estimate of $90.92 million. During the same period in the previous year, the firm posted $0.41 earnings per share. The company’s revenue was up 17.7% on a year-over-year basis. On average, analysts expect that Agilysys, Inc. will post 1.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AGYS has been the topic of a number of research reports. Needham & Company LLC upped their price objective on Agilysys from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, October 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $135.00 price objective (up from $118.00) on shares of Agilysys in a research note on Tuesday, October 27th. Zacks Research lowered Agilysys from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings upgraded shares of Agilysys from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Piper Sandler lifted their price target on shares of Agilysys from $120.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, October 27th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.25.

Institutional Trading of Agilysys

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Agilysys during the second quarter worth $431,704,000. Nine Ten Capital Management LLC grew its stake in shares of Agilysys by 0.3% in the 2nd quarter. Nine Ten Capital Management LLC now owns 655,513 shares of the software maker’s stock valued at $68,501,000 after purchasing an additional 1,922 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Agilysys in the 2nd quarter valued at approximately $45,312,000. Principal Financial Group Inc. boosted its holdings in Agilysys by 0.6% during the first quarter. Principal Financial Group Inc. now owns 463,682 shares of the software maker’s stock worth $32,986,000 after buying an additional 2,983 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Agilysys by 38.0% in the first quarter. Dimensional Fund Advisors LP now owns 377,038 shares of the software maker’s stock valued at $26,825,000 after buying an additional 103,752 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

Agilysys, Inc develops and provides hospitality technology for hotels, resorts, casinos, cruise lines and other guest-focused businesses. Its software and services are designed to help operators manage core property functions, improve guest experiences and streamline food, beverage and retail operations.

The company’s product portfolio includes property-management systems, point-of-sale solutions, inventory and procurement tools, payment services, guest-facing applications, mobile ordering and resort-management software.