Agilysys, Inc. (NASDAQ:AGYS) Director Mak Capital One Llc Sells 39,955 Shares

Agilysys, Inc. (NASDAQ:AGYSGet Free Report) Director Mak Capital One Llc sold 39,955 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $103.34, for a total value of $4,128,949.70. Following the sale, the director now directly owns 2,020,503 shares of the company’s stock, valued at approximately $208,798,780.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mak Capital One Llc also recently made the following trade(s):

  • On Tuesday, May 28th, Mak Capital One Llc sold 116,653 shares of Agilysys stock. The shares were sold at an average price of $100.12, for a total value of $11,679,298.36.

Agilysys Stock Down 2.2 %

AGYS stock opened at $94.51 on Friday. The company has a market cap of $2.59 billion, a PE ratio of 29.91 and a beta of 0.68. The business has a 50-day simple moving average of $86.72 and a 200 day simple moving average of $84.16. Agilysys, Inc. has a 52 week low of $63.08 and a 52 week high of $105.00.

Agilysys (NASDAQ:AGYSGet Free Report) last posted its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $62.22 million during the quarter, compared to the consensus estimate of $61.95 million. Agilysys had a return on equity of 15.52% and a net margin of 36.30%. Agilysys’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 earnings per share. On average, analysts anticipate that Agilysys, Inc. will post 0.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System grew its position in Agilysys by 2.0% in the third quarter. Arizona State Retirement System now owns 6,502 shares of the software maker’s stock valued at $430,000 after acquiring an additional 129 shares during the last quarter. RiverPark Advisors LLC grew its position in Agilysys by 53.2% in the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock valued at $32,000 after acquiring an additional 133 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Agilysys by 0.8% in 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 during the last quarter. Lazard Asset Management LLC grew its position in Agilysys by 6.2% in the first quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock valued at $294,000 after acquiring an additional 204 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in Agilysys by 2.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 11,791 shares of the software maker’s stock valued at $1,000,000 after acquiring an additional 306 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Analyst Ratings Changes

AGYS has been the subject of a number of research reports. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Oppenheimer lifted their target price on Agilysys from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Finally, Needham & Company LLC lifted their target price on Agilysys from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Agilysys currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.33.

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About Agilysys

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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.

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