Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch Sells 500 Shares

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) Director John Mutch sold 500 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $110.83, for a total transaction of $55,415.00. Following the completion of the sale, the director now owns 31,404 shares of the company's stock, valued at $3,480,505.32. This trade represents a 1.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

John Mutch also recently made the following trade(s):

• On Monday, March 17th, John Mutch sold 750 shares of Agilysys stock. The shares were sold at an average price of $75.33, for a total transaction of $56,497.50.

Agilysys Trading Up 0.1%

NASDAQ:AGYS traded up $0.15 on Monday, reaching $113.11. The company's stock had a trading volume of 31,719 shares, compared to its average volume of 269,312. Agilysys, Inc. has a 12-month low of $63.71 and a 12-month high of $142.64. The stock has a 50 day moving average price of $83.02 and a 200 day moving average price of $97.62. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 141.37 and a beta of 0.74. The company has a quick ratio of 1.09, a current ratio of 1.14 and a debt-to-equity ratio of 0.15.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.28. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm had revenue of $74.27 million during the quarter, compared to the consensus estimate of $71.43 million. During the same period last year, the company earned $0.32 EPS. The company's quarterly revenue was up 19.4% on a year-over-year basis. On average, equities analysts anticipate that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Agilysys

Several large investors have recently made changes to their positions in AGYS. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Agilysys by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,405 shares of the software maker's stock valued at $102,000 after purchasing an additional 141 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock worth $50,000 after buying an additional 159 shares during the period. Blue Trust Inc. grew its stake in shares of Agilysys by 18.9% in the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker's stock valued at $149,000 after buying an additional 180 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Agilysys by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 10,612 shares of the software maker's stock valued at $1,398,000 after buying an additional 208 shares during the period. Finally, Harbor Investment Advisory LLC lifted its stake in Agilysys by 64.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after acquiring an additional 239 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AGYS. Needham & Company LLC restated a "buy" rating and set a $105.00 target price (up from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. UBS Group set a $100.00 price objective on Agilysys in a research note on Wednesday, March 5th. Oppenheimer cut their target price on Agilysys from $135.00 to $90.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Northland Securities set a $152.00 price target on shares of Agilysys in a research report on Tuesday, May 20th. Finally, Cantor Fitzgerald initiated coverage on shares of Agilysys in a report on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Agilysys has an average rating of "Moderate Buy" and a consensus price target of $116.57.

Agilysys Company Profile

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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