Agilysys, Inc. (NASDAQ:AGYS) Director Jerry C. Jones Sells 10,000 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Jerry C. Jones sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $102.89, for a total transaction of $1,028,900.00. Following the completion of the transaction, the director now owns 40,982 shares in the company, valued at $4,216,637.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Agilysys Price Performance

AGYS opened at $101.60 on Friday. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 32.15 and a beta of 0.68. Agilysys, Inc. has a one year low of $63.08 and a one year high of $105.00. The business has a 50 day simple moving average of $84.60 and a two-hundred day simple moving average of $83.69.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. The business had revenue of $62.22 million for the quarter, compared to analysts’ expectations of $61.95 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, sell-side analysts expect that Agilysys, Inc. will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AGYS has been the subject of a number of research analyst reports. Needham & Company LLC lifted their price objective on shares of Agilysys from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday. Oppenheimer increased their price target on shares of Agilysys from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Finally, StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Arizona State Retirement System increased its stake in shares of Agilysys by 2.0% during the third quarter. Arizona State Retirement System now owns 6,502 shares of the software maker’s stock valued at $430,000 after purchasing an additional 129 shares in the last quarter. RiverPark Advisors LLC grew its stake in shares of Agilysys by 53.2% in the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock worth $32,000 after acquiring an additional 133 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Agilysys by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 18,369 shares of the software maker’s stock valued at $1,558,000 after acquiring an additional 146 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Agilysys by 6.2% in the 1st quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock worth $294,000 after purchasing an additional 204 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in Agilysys by 2.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 11,791 shares of the software maker’s stock valued at $1,000,000 after purchasing an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.