Melvin L. Keating Sells 3,280 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin L. Keating sold 3,280 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $122.84, for a total transaction of $402,915.20. Following the sale, the director now directly owns 34,407 shares of the company’s stock, valued at $4,226,555.88. This represents a 8.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Agilysys Stock Down 3.3 %

Shares of NASDAQ:AGYS opened at $120.84 on Friday. Agilysys, Inc. has a 52-week low of $73.52 and a 52-week high of $128.61. The company has a market capitalization of $3.38 billion, a PE ratio of 34.43 and a beta of 0.85. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13. The company has a fifty day moving average of $109.41 and a 200-day moving average of $103.81.

Agilysys (NASDAQ:AGYS) last issued its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The business had revenue of $68.30 million during the quarter, compared to analysts’ expectations of $67.54 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities analysts predict that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AGYS has been the subject of several analyst reports. Oppenheimer boosted their target price on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday. BTIG Research boosted their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Northland Securities reaffirmed an “outperform” rating and issued a $145.00 target price (up previously from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Craig Hallum lifted their price target on Agilysys from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Agilysys in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.80.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AGYS. US Bancorp DE raised its position in Agilysys by 11.2% during the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after purchasing an additional 122 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Agilysys by 162.1% during the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after acquiring an additional 154 shares during the last quarter. RiverPark Advisors LLC lifted its stake in shares of Agilysys by 9.6% in the second quarter. RiverPark Advisors LLC now owns 1,936 shares of the software maker’s stock worth $202,000 after acquiring an additional 170 shares during the period. Advisors Asset Management Inc. boosted its holdings in Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after acquiring an additional 182 shares during the last quarter. Finally, CWM LLC boosted its holdings in Agilysys by 390.2% in the second quarter. CWM LLC now owns 250 shares of the software maker’s stock valued at $26,000 after acquiring an additional 199 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

About Agilysys

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.