Insider Selling: Agilysys (NASDAQ:AGYS) CFO Sells $688,320.00 in Stock

Agilysys, Inc. (NASDAQ:AGYS) CFO William David Wood III sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $114.72, for a total value of $688,320.00. Following the completion of the sale, the chief financial officer owned 35,052 shares of the company’s stock, valued at approximately $4,021,165.44. This trade represents a 14.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Agilysys Stock Up 4.2%

AGYS stock traded up $4.75 during midday trading on Wednesday, hitting $116.71. 353,227 shares of the company traded hands, compared to its average volume of 351,131. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $145.25. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 77.29 and a beta of 0.37. The business has a 50 day simple moving average of $103.15 and a 200-day simple moving average of $84.89.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.09. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The business had revenue of $87.68 million during the quarter, compared to the consensus estimate of $85.97 million. During the same period in the prior year, the firm earned $0.33 EPS. Agilysys’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities research analysts forecast that Agilysys, Inc. will post 1.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Needham & Company LLC lifted their price objective on Agilysys from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Piper Sandler lifted their price target on Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Zacks Research cut Agilysys from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Oppenheimer restated an “outperform” rating and issued a $118.00 price objective on shares of Agilysys in a research note on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.60.

Hedge Funds Weigh In On Agilysys

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGYS. Caitong International Asset Management Co. Ltd raised its holdings in Agilysys by 419.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after acquiring an additional 172 shares in the last quarter. Optiver Holding B.V. increased its position in shares of Agilysys by 700.0% during the first quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock valued at $32,000 after purchasing an additional 399 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Agilysys during the fourth quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Agilysys in the third quarter valued at $43,000. Finally, Versant Capital Management Inc lifted its position in Agilysys by 123.9% in the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock worth $44,000 after purchasing an additional 233 shares during the period. 88.00% of the stock is currently owned by institutional investors.

About Agilysys

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.