Joe Ahmed Youssef Abdelrahman Sells 1,002 Shares of Agilysys (NASDAQ:AGYS) Stock

Key Points

• Agilysys insider Joe Ahmed Youssef Abdelrahman sold 1,002 shares at an average price of $114.64, totaling $114,869.28. He retained 19,045 shares after the transaction.
• Agilysys shares rose 0.9% to $113.51, while the company reported quarterly EPS of $0.49 and revenue of $87.68 million, exceeding analyst expectations and marking 14.3% year-over-year revenue growth.
• Analysts maintain a favorable outlook, with five Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $124.60; institutional investors own approximately 88% of the stock.

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) insider Joe Ahmed Youssef Abdelrahman sold 1,002 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $114.64, for a total value of $114,869.28. Following the completion of the transaction, the insider directly owned 19,045 shares in the company, valued at approximately $2,183,318.80. The trade was a 5.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Agilysys Stock Up 0.9%

Shares of Agilysys stock traded up $1.02 on Wednesday, hitting $113.51. 239,421 shares of the company's stock traded hands, compared to its average volume of 343,254. Agilysys, Inc. has a 52-week low of $61.50 and a 52-week high of $145.25. The stock has a market cap of $3.20 billion, a P/E ratio of 75.17 and a beta of 0.38. The firm's 50-day moving average is $108.59 and its 200 day moving average is $86.95.

Agilysys (NASDAQ:AGYS - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.09. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The business had revenue of $87.68 million during the quarter, compared to analyst estimates of $85.97 million. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business's revenue was up 14.3% compared to the same quarter last year. Equities research analysts forecast that Agilysys, Inc. will post 1.73 EPS for the current year.

Institutional Trading of Agilysys

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Agilysys in the 2nd quarter valued at about $431,704,000. California State Teachers Retirement System grew its position in shares of Agilysys by 10,080.9% during the 2nd quarter. California State Teachers Retirement System now owns 3,201,880 shares of the software maker's stock valued at $334,596,000 after buying an additional 3,170,430 shares during the last quarter. Capital Research Global Investors acquired a new stake in Agilysys during the fourth quarter worth about $104,878,000. William Blair Investment Management LLC acquired a new stake in Agilysys during the second quarter worth about $45,312,000. Finally, Wellington Management Group LLP lifted its holdings in Agilysys by 75.9% in the third quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker's stock worth $72,675,000 after acquiring an additional 297,846 shares during the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AGYS has been the topic of several research analyst reports. UBS Group set a $110.00 price target on shares of Agilysys in a research report on Wednesday, June 3rd. Oppenheimer reissued an "outperform" rating and issued a $118.00 price objective on shares of Agilysys in a report on Tuesday, July 28th. Cantor Fitzgerald restated an "overweight" rating on shares of Agilysys in a research note on Tuesday, July 28th. Needham & Company LLC increased their target price on Agilysys from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Finally, Piper Sandler lifted their target price on Agilysys from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $124.60.

Agilysys Company Profile

Agilysys, Inc is a publicly traded technology company NASDAQ: AGYS that specializes in providing software and services to the hospitality industry. The company's solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.

Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.

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