Kyle Badger Sells 8,400 Shares of Agilysys (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) SVP Kyle Badger sold 8,400 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 75,037 shares of the company’s stock, valued at $8,558,720.22. The trade was a 10.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Agilysys Trading Down 2.9%

NASDAQ:AGYS opened at $113.38 on Friday. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $145.25. The company has a market cap of $3.20 billion, a PE ratio of 75.09 and a beta of 0.37. The company’s 50 day moving average is $104.09 and its two-hundred day moving average is $85.30.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $85.97 million. During the same quarter last year, the company posted $0.33 earnings per share. The business’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, analysts expect that Agilysys, Inc. will post 1.73 EPS for the current fiscal year.

Institutional Trading of Agilysys

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its holdings in Agilysys by 419.5% in the fourth 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 during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Agilysys during the 4th quarter worth approximately $34,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Agilysys during the 3rd quarter worth approximately $43,000. Versant Capital Management Inc increased its holdings in shares of Agilysys by 123.9% during the 2nd quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock valued at $44,000 after purchasing an additional 233 shares in the last quarter. Finally, Optiver Holding B.V. increased its holdings in shares of Agilysys by 700.0% during the 1st 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 in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AGYS has been the topic of several research analyst reports. Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Zacks Research downgraded Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Oppenheimer reiterated an “outperform” rating and issued a $118.00 target price on shares of Agilysys in a research report on Tuesday, July 28th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th. Finally, UBS Group set a $110.00 price target on shares of Agilysys in a research report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.