Agilysys (NASDAQ:AGYS) CFO Sells $73,116.80 in Stock

Agilysys, Inc. (NASDAQ:AGYS) CFO William David Wood III sold 584 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $125.20, for a total value of $73,116.80. Following the completion of the transaction, the chief financial officer directly owned 41,052 shares in the company, valued at $5,139,710.40. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, November 3rd, William David Wood III sold 990 shares of Agilysys stock. The stock was sold at an average price of $124.64, for a total value of $123,393.60.
• On Monday, October 27th, William David Wood III sold 6,000 shares of Agilysys stock. The stock was sold at an average price of $115.55, for a total value of $693,300.00.

Agilysys Price Performance

Shares of AGYS traded up $0.02 on Thursday, hitting $126.19. The company’s stock had a trading volume of 153,930 shares, compared to its average volume of 289,733. The company has a market capitalization of $3.54 billion, a PE ratio of 146.73 and a beta of 0.66. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $145.25. The company has a 50 day moving average price of $111.76 and a 200 day moving average price of $106.43.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Wednesday, June 5th. The software maker reported $0.21 earnings per share (EPS) for the quarter. Agilysys had a return on equity of 11.22% and a net margin of 8.12%.The firm had revenue of $36.34 million for the quarter. On average, equities analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AGYS. Wall Street Zen raised Agilysys from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Needham & Company LLC upped their price objective on Agilysys from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, October 28th. UBS Group set a $155.00 price objective on Agilysys in a report on Tuesday, October 28th. Zacks Research raised Agilysys from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Finally, Oppenheimer reissued an “outperform” rating on shares of Agilysys in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Agilysys currently has a consensus rating of “Buy” and an average target price of $138.67.

Hedge Funds Weigh In On Agilysys

Several hedge funds have recently added to or reduced their stakes in AGYS. Global Retirement Partners LLC lifted its stake in Agilysys by 118.5% in the third quarter. Global Retirement Partners LLC now owns 260 shares of the software maker’s stock valued at $27,000 after buying an additional 141 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Agilysys in the second quarter valued at about $30,000. GAMMA Investing LLC lifted its stake in Agilysys by 43.2% in the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after buying an additional 92 shares during the period. Farther Finance Advisors LLC lifted its stake in Agilysys by 215.5% in the third quarter. Farther Finance Advisors LLC now owns 366 shares of the software maker’s stock valued at $39,000 after buying an additional 250 shares during the period. Finally, Bessemer Group Inc. raised its stake in Agilysys by 194.3% during the 3rd quarter. Bessemer Group Inc. now owns 412 shares of the software maker’s stock worth $44,000 after buying an additional 272 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Company Profile

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.