Insider Selling: Agilysys (NASDAQ:AGYS) Insider Sells $65,670.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) insider Chris Robertson sold 500 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $131.34, for a total transaction of $65,670.00. Following the transaction, the insider owned 687 shares in the company, valued at approximately $90,230.58. This trade represents a 42.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Agilysys Stock Up 3.2%

Shares of NASDAQ:AGYS opened at $129.50 on Friday. The company has a 50-day moving average price of $114.04 and a 200 day moving average price of $109.00. Agilysys, Inc. has a 52 week low of $63.71 and a 52 week high of $145.25. The company has a market cap of $3.63 billion, a P/E ratio of 150.58 and a beta of 0.66.

Agilysys (NASDAQ:AGYS) last issued its earnings results 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 business had revenue of $36.34 million during the quarter. Analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Creative Planning acquired a new position in shares of Agilysys during the 3rd quarter valued at $270,000. Lazard Asset Management LLC lifted its stake in shares of Agilysys by 8.2% in the third quarter. Lazard Asset Management LLC now owns 26,333 shares of the software maker’s stock worth $2,772,000 after acquiring an additional 2,002 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Agilysys by 6.6% in the third quarter. Raymond James Financial Inc. now owns 214,891 shares of the software maker’s stock valued at $22,617,000 after purchasing an additional 13,290 shares during the last quarter. Amundi grew its stake in Agilysys by 15.5% during the 3rd quarter. Amundi now owns 5,387 shares of the software maker’s stock valued at $586,000 after purchasing an additional 724 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in Agilysys by 169.9% during the 3rd quarter. Two Sigma Investments LP now owns 8,101 shares of the software maker’s stock worth $853,000 after purchasing an additional 5,099 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AGYS has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Agilysys from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Oppenheimer reissued an “outperform” rating on shares of Agilysys in a research note on Tuesday, October 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $140.00 price objective on shares of Agilysys in a research note 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, Weiss Ratings reissued a “hold (c)” rating on shares of Agilysys in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target 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.