Insider Selling: Agilysys (NASDAQ:AGYS) SVP Sells $958,104.00 in Stock

Key Points

• Agilysys SVP Kyle Badger sold 8,400 shares at an average price of $114.06, generating $958,104 and reducing his direct stake by 10.07% to 75,037 shares.
• Agilysys reported quarterly EPS of $0.49, beating estimates of $0.40, while revenue rose 14.3% year over year to $87.68 million.
• The stock traded at $116.71, while analysts maintained a Moderate Buy consensus with an average price target of $124.60; institutional investors own 88% of outstanding shares.

Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) SVP Kyle Badger sold 8,400 shares of the business's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $114.06, for a total transaction of $958,104.00. Following the completion of the sale, the senior vice president directly owned 75,037 shares of the company's stock, valued at approximately $8,558,720.22. The trade was a 10.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Agilysys Price Performance

Agilysys stock traded up $4.75 during midday trading on Wednesday, hitting $116.71. The company's stock had a trading volume of 353,227 shares, compared to its average volume of 351,131. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 77.29 and a beta of 0.37. Agilysys, Inc. has a 1-year low of $61.50 and a 1-year high of $145.25. The company has a 50-day moving average price of $103.15 and a two-hundred day moving average price of $84.89.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Agilysys in the 2nd quarter worth $431,704,000. Capital Research Global Investors bought a new stake in shares of Agilysys in the 4th quarter worth $104,878,000. William Blair Investment Management LLC bought a new stake in shares of Agilysys in the 2nd quarter worth $45,312,000. Wellington Management Group LLP grew its position in Agilysys by 75.9% in the 3rd quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker's stock worth $72,675,000 after purchasing an additional 297,846 shares in the last quarter. Finally, Wasatch Advisors LP grew its stake in Agilysys by 33.0% in the 1st quarter. Wasatch Advisors LP now owns 953,730 shares of the software maker's stock valued at $67,848,000 after purchasing an additional 236,373 shares during the period. Institutional investors and hedge funds own 88.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Weiss Ratings upgraded Agilysys from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, July 13th. UBS Group set a $110.00 price target on Agilysys in a research report on Wednesday, June 3rd. Piper Sandler raised their price objective on Agilysys from $110.00 to $120.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 28th. Zacks Research lowered Agilysys from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of Agilysys 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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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