Insider Selling: Agilysys (NASDAQ:AGYS) Insider Sells 497 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) insider Sethuram Shivashankar sold 497 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $124.64, for a total value of $61,946.08. Following the completion of the transaction, the insider owned 24,031 shares in the company, valued at $2,995,223.84. This represents a 2.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Agilysys Price Performance

NASDAQ:AGYS traded down $5.25 during mid-day trading on Tuesday, reaching $122.01. The stock had a trading volume of 234,335 shares, compared to its average volume of 290,644. The business’s 50 day moving average is $111.08 and its 200 day moving average is $106.15. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $145.25. The stock has a market cap of $3.42 billion, a P/E ratio of 141.87 and a beta of 0.61.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Wednesday, June 5th. The software maker reported $0.21 EPS for the quarter. Agilysys had a return on equity of 11.22% and a net margin of 8.12%.The firm had revenue of $36.34 million for the quarter. Equities analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AGYS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Agilysys in a research report on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Agilysys in a research report on Tuesday, October 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $140.00 target price on shares of Agilysys in a research report on Tuesday, October 28th. Zacks Research raised Agilysys from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. Finally, UBS Group set a $155.00 price objective on Agilysys in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Agilysys presently has an average rating of “Buy” and a consensus target price of $138.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Agilysys by 14.6% in the third quarter. Principal Financial Group Inc. now owns 461,482 shares of the software maker’s stock worth $48,571,000 after purchasing an additional 58,691 shares during the period. AlphaQuest LLC lifted its position in Agilysys by 15.6% in the third quarter. AlphaQuest LLC now owns 1,240 shares of the software maker’s stock worth $131,000 after purchasing an additional 167 shares during the period. Arizona State Retirement System lifted its position in Agilysys by 1.3% in the third quarter. Arizona State Retirement System now owns 7,834 shares of the software maker’s stock worth $825,000 after purchasing an additional 98 shares during the period. Cloud Capital Management LLC bought a new position in Agilysys in the third quarter worth $125,000. Finally, EFG Asset Management North America Corp. lifted its position in Agilysys by 1.2% in the third quarter. EFG Asset Management North America Corp. now owns 28,609 shares of the software maker’s stock worth $3,015,000 after purchasing an additional 329 shares during the period. 88.00% of the stock is owned by institutional investors.

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.