Agilysys, Inc. (NASDAQ:AGYS) SVP Sells $36,965.14 in Stock

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) SVP Kyle C. Badger sold 326 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $113.39, for a total transaction of $36,965.14. Following the transaction, the senior vice president directly owned 114,791 shares in the company, valued at approximately $13,016,151.49. The trade was a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Agilysys Stock Up 2.8%

NASDAQ AGYS traded up $3.14 on Friday, hitting $115.21. 195,926 shares of the stock traded hands, compared to its average volume of 271,416. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average of $100.01 and a 200 day moving average of $95.08. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $142.64. The company 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 posted its quarterly earnings results on Monday, May 19th. The software maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.28. Agilysys had a return on equity of 11.24% and a net margin of 8.43%. The business had revenue of $74.27 million for the quarter, compared to analyst estimates of $71.43 million. During the same period in the prior year, the company posted $0.32 EPS. The business's revenue was up 19.4% compared to the same quarter last year. As a group, analysts expect that Agilysys, Inc. will post 0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AGYS has been the subject of several recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $105.00 target price (up from $100.00) on shares of Agilysys in a research note on Tuesday, May 20th. Northland Securities set a $152.00 price target on Agilysys in a report on Tuesday, May 20th. Cantor Fitzgerald assumed coverage on Agilysys in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $125.00 price objective for the company. Finally, Oppenheimer cut their target price on Agilysys from $135.00 to $90.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.57.

Institutional Trading of Agilysys

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its stake in Agilysys by 381.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 424 shares of the software maker's stock worth $57,000 after buying an additional 336 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Agilysys during the fourth quarter valued at $64,000. Harbor Investment Advisory LLC grew its position in shares of Agilysys by 64.6% during the first quarter. Harbor Investment Advisory LLC now owns 609 shares of the software maker's stock worth $44,000 after acquiring an additional 239 shares during 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 worth $50,000 after acquiring an additional 159 shares during the period. Finally, Assetmark Inc. acquired a new stake in shares of Agilysys in the 4th quarter worth about $115,000. 88.00% of the stock is currently owned by institutional investors and hedge funds.

About Agilysys

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.