Insider Selling: Agilysys, Inc. (NASDAQ:AGYS) Director Sells 116,653 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYSGet Free Report) Director Mak Capital One Llc sold 116,653 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $100.12, for a total transaction of $11,679,298.36. Following the completion of the sale, the director now owns 1,903,850 shares of the company’s stock, valued at approximately $190,613,462. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Friday, May 24th, Mak Capital One Llc sold 39,955 shares of Agilysys stock. The stock was sold at an average price of $103.34, for a total transaction of $4,128,949.70.

Agilysys Trading Down 2.2 %

NASDAQ:AGYS opened at $94.51 on Friday. The firm has a 50-day moving average price of $86.72 and a two-hundred day moving average price of $84.16. Agilysys, Inc. has a twelve month low of $63.08 and a twelve month high of $105.00. The company has a market capitalization of $2.59 billion, a P/E ratio of 29.91 and a beta of 0.68.

Agilysys (NASDAQ:AGYSGet Free Report) last posted its 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 firm had revenue of $62.22 million during the quarter, compared to the consensus estimate of $61.95 million. During the same period last year, the firm posted $0.26 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities research analysts predict that Agilysys, Inc. will post 0.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AGYS shares. Oppenheimer increased their price target on shares of Agilysys from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Finally, Needham & Company LLC increased their price target on shares of Agilysys from $100.00 to $125.00 and gave the company 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 company. According to data from MarketBeat, Agilysys currently has an average rating of “Moderate Buy” and an average target price of $103.33.

Check Out Our Latest Stock Analysis on Agilysys

Institutional Investors Weigh In On Agilysys

Hedge funds and other institutional investors have recently modified their holdings of the company. Arizona State Retirement System raised its position in shares of 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 buying an additional 129 shares during the last quarter. RiverPark Advisors LLC raised its position in shares of 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 buying an additional 133 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of 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 buying an additional 146 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of 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 buying an additional 204 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in shares of 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 buying an additional 306 shares during the last quarter. 88.00% of the stock is currently owned by hedge funds and other institutional investors.

Agilysys Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Agilysys (NASDAQ:AGYS)

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