Agilysys (NASDAQ:AGYS) CFO William David Wood III Sells 584 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) CFO William David Wood III sold 584 shares of the firm’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 transaction of $73,116.80. Following the sale, the chief financial officer owned 41,052 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website.

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 Stock Up 0.0%

Shares of NASDAQ AGYS opened at $126.19 on Friday. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $145.25. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 146.73 and a beta of 0.66. The business has a fifty day simple moving average of $111.76 and a 200-day simple moving average of $106.43.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. The company had revenue of $36.34 million during the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. As a group, sell-side analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.

Institutional Trading of Agilysys

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nuveen LLC acquired a new position in shares of Agilysys during the 1st quarter valued at about $80,730,000. William Blair Investment Management LLC bought a new position in shares of Agilysys in the second quarter valued at approximately $58,993,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Agilysys in the first quarter worth $16,343,000. Wellington Management Group LLP lifted its stake in shares of Agilysys by 99.3% in the first quarter. Wellington Management Group LLP now owns 388,978 shares of the software maker’s stock worth $28,216,000 after buying an additional 193,812 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Agilysys by 125.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after buying an additional 184,402 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Wall Street Analyst Weigh In

AGYS has been the topic of a number of research analyst reports. Oppenheimer reiterated an “outperform” rating on shares of Agilysys in a report on Tuesday, October 28th. Needham & Company LLC lifted their target price on Agilysys from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Wall Street Zen upgraded Agilysys from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Cantor Fitzgerald restated an “overweight” rating and set a $140.00 price target on shares of Agilysys in a report on Tuesday, October 28th. Finally, UBS Group set a $155.00 price objective on shares of Agilysys in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Agilysys has a consensus rating of “Buy” and a consensus target price of $138.67.

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.