Insider Selling: Agilysys (NASDAQ:AGYS) CFO Sells $111,476.00 in Stock

Key Points

• Agilysys CFO William Wood sold 961 shares at an average price of $116, totaling $111,476. He retained 35,872 shares after the sale, a 2.61% reduction in his holdings.
• Agilysys reported quarterly EPS of $0.67, beating the $0.55 consensus, while revenue of $93.36 million exceeded estimates and grew 17.7% year over year.
• Analysts’ average rating was “Moderate Buy”, with an average price target of $141.25; shares rose 1.6% to $119.87 in Tuesday trading.

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) CFO William Wood, III sold 961 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $116.00, for a total transaction of $111,476.00. Following the completion of the transaction, the chief financial officer owned 35,872 shares in the company, valued at $4,161,152. This represents a 2.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

William David Wood III also recently made the following trade(s):

• On Tuesday, August 18th, William Wood, III sold 6,000 shares of Agilysys stock. The shares were sold at an average price of $114.72, for a total transaction of $688,320.00.

Agilysys Stock Up 1.6%

Shares of AGYS traded up $1.89 during trading hours on Tuesday, hitting $119.87. The company had a trading volume of 298,834 shares, compared to its average volume of 334,374. Agilysys, Inc. has a 12 month low of $61.50 and a 12 month high of $133.32. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 77.62, a PEG ratio of 3.22 and a beta of 0.40. The business has a fifty day moving average of $108.70 and a 200-day moving average of $92.33.

Agilysys (NASDAQ:AGYS - Get Free Report) last released its earnings results on Monday, October 26th. The software maker reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.12. The company had revenue of $93.36 million for the quarter, compared to analyst estimates of $90.92 million. Agilysys had a return on equity of 12.98% and a net margin of 12.88%. Agilysys's quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. On average, equities analysts expect that Agilysys, Inc. will post 1.83 EPS for the current fiscal year.

Hedge Funds Weigh In On Agilysys

Several hedge funds and other institutional investors have recently made changes to their positions in AGYS. Pinnacle Wealth Planning Services Inc. grew its stake in Agilysys by 36.0% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 393 shares of the software maker's stock worth $38,000 after buying an additional 104 shares during the period. Glenmede Trust Co. NA grew its stake in Agilysys by 3.1% during the 1st quarter. Glenmede Trust Co. NA now owns 5,518 shares of the software maker's stock worth $393,000 after buying an additional 165 shares during the last quarter. HB Wealth Management LLC boosted its stake in Agilysys by 3.4% during the 2nd quarter. HB Wealth Management LLC now owns 6,088 shares of the software maker's stock valued at $636,000 after purchasing an additional 198 shares during the period. Versant Capital Management Inc boosted its position in Agilysys by 123.9% during the 2nd quarter. Versant Capital Management Inc now owns 421 shares of the software maker's stock worth $44,000 after acquiring an additional 233 shares during the period. Finally, MCF Advisors LLC boosted its holdings in shares of Agilysys by 120.3% in the second quarter. MCF Advisors LLC now owns 478 shares of the software maker's stock valued at $50,000 after acquiring an additional 261 shares in 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 equities research analysts have commented on AGYS shares. Wall Street Zen upgraded shares of Agilysys from a "hold" rating to a "buy" rating in a research note on Saturday. Weiss Ratings upgraded shares of Agilysys from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday. Piper Sandler raised their target price on shares of Agilysys from $120.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, October 27th. Oppenheimer reiterated an "outperform" rating and set a $135.00 price objective (up from $118.00) on shares of Agilysys in a report on Tuesday, October 27th. Finally, Zacks Research downgraded shares of Agilysys from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $141.25.

About Agilysys

Agilysys, Inc develops and provides hospitality technology for hotels, resorts, casinos, cruise lines and other guest-focused businesses. Its software and services are designed to help operators manage core property functions, improve guest experiences and streamline food, beverage and retail operations.

The company's product portfolio includes property-management systems, point-of-sale solutions, inventory and procurement tools, payment services, guest-facing applications, mobile ordering and resort-management software.

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