Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) insider Chris J. Robertson sold 258 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $29,254.62. Following the completion of the sale, the insider directly owned 21,137 shares of the company's stock, valued at approximately $2,396,724.43. The trade was a 1.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Agilysys Stock Up 2.8%
Shares of AGYS stock traded up $3.14 during mid-day trading on Thursday, hitting $115.21. The stock had a trading volume of 195,926 shares, compared to its average volume of 270,548. Agilysys, Inc. has a 12-month low of $63.71 and a 12-month high of $142.64. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.07. The firm's 50-day moving average is $98.36 and its two-hundred day moving average is $95.43. The firm has a market capitalization of $3.23 billion, a P/E ratio of 138.81 and a beta of 0.75.
Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The software maker reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.28. The company had revenue of $74.27 million during the quarter, compared to analyst estimates of $71.43 million. Agilysys had a net margin of 8.43% and a return on equity of 11.24%. The firm's revenue for the quarter was up 19.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. On average, analysts predict that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Agilysys
A number of hedge funds and other institutional investors have recently modified their holdings of AGYS. Harbor Investment Advisory LLC raised its stake in Agilysys by 64.6% in the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after buying an additional 239 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Agilysys by 30.1% in the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker's stock valued at $50,000 after acquiring an additional 159 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Agilysys by 381.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock worth $57,000 after acquiring an additional 336 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Agilysys during the 4th quarter worth $64,000. Finally, AlphaQuest LLC boosted its position in Agilysys by 2,026.0% during the first quarter. AlphaQuest LLC now owns 1,063 shares of the software maker's stock valued at $77,000 after purchasing an additional 1,013 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on AGYS shares. Needham & Company LLC reiterated a "buy" rating and issued a $105.00 price target (up from $100.00) on shares of Agilysys in a report on Tuesday, May 20th. Cantor Fitzgerald initiated coverage on Agilysys in a research note on Tuesday, June 3rd. They issued an "overweight" rating and a $125.00 target price on the stock. UBS Group set a $100.00 target price on Agilysys in a research report on Wednesday, March 5th. Northland Securities set a $152.00 price target on shares of Agilysys in a report on Tuesday, May 20th. Finally, Oppenheimer reduced their price target on shares of Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.57.
View Our Latest Stock Analysis on AGYS
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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