Kaufman 2012 Descendants Trust Sells 7,500 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $128.17, for a total value of $961,275.00. Following the completion of the sale, the director now owns 255,576 shares of the company’s stock, valued at approximately $32,757,175.92. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kaufman 2012 Descendants Trust also recently made the following trade(s):

• On Tuesday, January 21st, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $125.49, for a total value of $941,175.00.
• On Wednesday, January 15th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $132.98, for a total transaction of $997,350.00.
• On Monday, January 13th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $126.26, for a total transaction of $946,950.00.
• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.29, for a total transaction of $977,175.00.
• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.04, for a total value of $990,300.00.
• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.34, for a total value of $977,550.00.
• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.55, for a total value of $979,125.00.

Agilysys Stock Down 20.0 %

Agilysys stock opened at $100.67 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $2.81 billion, a P/E ratio of 28.68 and a beta of 0.94. The firm has a 50 day moving average price of $131.84 and a 200-day moving average price of $116.90. Agilysys, Inc. has a twelve month low of $74.03 and a twelve month high of $142.64.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The business had revenue of $69.60 million for the quarter, compared to the consensus estimate of $73,149.20 billion. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. As a group, equities analysts predict that Agilysys, Inc. will post 0.81 EPS for the current year.

Institutional Investors Weigh In On Agilysys

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE increased its position in shares of Agilysys by 11.2% during the 3rd quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock valued at $133,000 after purchasing an additional 122 shares during the last quarter. GAMMA Investing LLC boosted its stake in Agilysys by 66.7% in the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after buying an additional 166 shares in the last quarter. Blue Trust Inc. grew its position in Agilysys by 18.9% during the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock valued at $149,000 after acquiring an additional 180 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Agilysys by 109.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after acquiring an additional 193 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on AGYS shares. Needham & Company LLC reduced their target price on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday. Oppenheimer reduced their price objective on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday. Craig Hallum dropped their target price on shares of Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday. BTIG Research upped their target price on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, Northland Securities lifted their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Agilysys has an average rating of “Moderate Buy” and an average price target of $138.00.

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.