Agilysys (NASDAQ:AGYS) CFO William David Wood III Sells 6,000 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) CFO William David Wood III sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $114.72, for a total transaction of $688,320.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Agilysys Trading Up 4.2%

AGYS stock traded up $4.75 on Wednesday, hitting $116.71. 353,227 shares of the company’s stock traded hands, compared to its average volume of 351,131. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 77.29 and a beta of 0.37. Agilysys, Inc. has a 1-year low of $61.50 and a 1-year high of $145.25. The stock has a fifty day moving average of $103.15 and a 200-day moving average of $84.89.

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, beating the consensus estimate of $0.40 by $0.09. The company had revenue of $87.68 million for the quarter, compared to analysts’ expectations of $85.97 million. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.The firm’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. On average, equities research analysts anticipate that Agilysys, Inc. will post 1.73 earnings per share for the current fiscal year.

Institutional Trading of Agilysys

A number of institutional investors have recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of Agilysys in the 4th quarter valued at $2,622,000. Vanguard Group Inc. increased its position in Agilysys by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock worth $286,160,000 after buying an additional 32,052 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Agilysys during the fourth quarter worth $2,081,000. Jennison Associates LLC raised its holdings in Agilysys by 20.7% during the fourth quarter. Jennison Associates LLC now owns 221,791 shares of the software maker’s stock valued at $26,358,000 after buying an additional 38,007 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Agilysys by 107.2% in the first quarter. Quantinno Capital Management LP now owns 9,579 shares of the software maker’s stock worth $681,000 after buying an additional 4,955 shares during the last quarter. Institutional investors and hedge funds own 88.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Weiss Ratings raised Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Piper Sandler raised their target price on shares of Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a research report on Tuesday, July 28th. Zacks Research lowered shares of Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Oppenheimer restated an “outperform” rating and issued a $118.00 price target on shares of Agilysys in a research report on Tuesday, July 28th. Five investment 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.