Agilysys (NASDAQ:AGYS) Insider Sells $114,869.28 in Stock

Agilysys, Inc. (NASDAQ:AGYS) insider Joe Ahmed Youssef Abdelrahman sold 1,002 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $114.64, for a total transaction of $114,869.28. Following the transaction, the insider owned 19,045 shares in the company, valued at approximately $2,183,318.80. The trade was a 5.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Agilysys Price Performance

Shares of AGYS stock opened at $111.36 on Friday. The stock has a market cap of $3.14 billion, a P/E ratio of 73.75 and a beta of 0.38. The company has a fifty day moving average price of $109.52 and a two-hundred day moving average price of $87.58. Agilysys, Inc. has a one year low of $61.50 and a one year high of $145.25.

Agilysys (NASDAQ:AGYS) last announced its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. The company had revenue of $87.68 million during the quarter, compared to the consensus estimate of $85.97 million. Agilysys had a net margin of 12.99% and a return on equity of 11.94%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. As a group, equities research analysts anticipate that Agilysys, Inc. will post 1.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Agilysys

A number of institutional investors have recently made changes to their positions in AGYS. ProShare Advisors LLC grew its position in shares of Agilysys by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 5,023 shares of the software maker’s stock valued at $597,000 after purchasing an additional 153 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Agilysys by 30.1% during the 1st quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after purchasing an additional 159 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Agilysys by 3.1% in the 1st quarter. Glenmede Trust Co. NA now owns 5,518 shares of the software maker’s stock valued at $393,000 after purchasing an additional 165 shares during the period. NewEdge Advisors LLC boosted its stake in Agilysys by 4.5% in the 4th quarter. NewEdge Advisors LLC now owns 3,947 shares of the software maker’s stock valued at $469,000 after purchasing an additional 170 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew 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 buying an additional 172 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AGYS. Needham & Company LLC boosted their price target on Agilysys from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. UBS Group set a $110.00 price objective on Agilysys in a research report on Wednesday, June 3rd. Piper Sandler lifted their target price on Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Weiss Ratings upgraded Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, July 13th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Agilysys has an average rating of “Moderate Buy” and an average price target of $124.60.

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.