Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) CFO William David Wood III sold 321 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $36,398.19. Following the sale, the chief financial officer owned 47,288 shares in the company, valued at approximately $5,361,986.32. The trade was a 0.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Agilysys Price Performance
NASDAQ AGYS traded up $3.14 on Friday, reaching $115.21. The company had a trading volume of 195,926 shares, compared to its average volume of 271,416. The stock has a market capitalization of $3.23 billion, a PE ratio of 138.81 and a beta of 0.75. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $142.64. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. The firm's 50 day moving average price is $99.19 and its 200 day moving average price is $95.26.
Agilysys (NASDAQ:AGYS - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The software maker reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.28. The firm had revenue of $74.27 million during the quarter, compared to analyst estimates of $71.43 million. Agilysys had a return on equity of 11.24% and a net margin of 8.43%. The business's quarterly revenue was up 19.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. As a group, equities analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current year.
Hedge Funds Weigh In On Agilysys
Institutional investors have recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of Agilysys during the 1st quarter worth approximately $80,730,000. Invesco Ltd. increased its position in Agilysys by 412.9% in the fourth quarter. Invesco Ltd. now owns 727,794 shares of the software maker's stock worth $95,858,000 after purchasing an additional 585,886 shares during the last quarter. Franklin Resources Inc. raised its stake in Agilysys by 521.7% during the fourth quarter. Franklin Resources Inc. now owns 610,028 shares of the software maker's stock valued at $80,347,000 after purchasing an additional 511,900 shares in the last quarter. Riverbridge Partners LLC bought a new position in Agilysys during the first quarter valued at $32,913,000. Finally, Conestoga Capital Advisors LLC lifted its position in Agilysys by 105.2% during the first quarter. Conestoga Capital Advisors LLC now owns 731,039 shares of the software maker's stock valued at $53,030,000 after purchasing an additional 374,800 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on AGYS. Northland Securities set a $152.00 price objective on shares of Agilysys in a research note on Tuesday, May 20th. Cantor Fitzgerald began coverage on Agilysys in a report on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price target on the stock. Oppenheimer lowered their price objective on Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $105.00 price objective (up previously from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $116.57.
Read Our Latest Report on Agilysys
About Agilysys
(
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Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.
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