Kyle C. Badger Sells 249 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) SVP Kyle C. Badger sold 249 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $102.03, for a total transaction of $25,405.47. Following the transaction, the senior vice president now directly owns 115,834 shares in the company, valued at $11,818,543.02. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Agilysys Stock Performance

Shares of NASDAQ AGYS opened at $104.02 on Friday. The company has a 50 day simple moving average of $93.85 and a two-hundred day simple moving average of $85.95. Agilysys, Inc. has a fifty-two week low of $63.78 and a fifty-two week high of $105.00. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 32.92 and a beta of 0.82.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. The company had revenue of $62.22 million for the quarter, compared to the consensus estimate of $61.95 million. Agilysys had a return on equity of 15.52% and a net margin of 36.30%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 EPS. On average, analysts forecast that Agilysys, Inc. will post 0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Agilysys

Several institutional investors and hedge funds have recently modified their holdings of AGYS. Wasatch Advisors LP boosted its stake in Agilysys by 439.5% in the 1st quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock worth $84,903,000 after purchasing an additional 820,840 shares in the last quarter. Wellington Management Group LLP raised its holdings in Agilysys by 159.4% in the third quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock worth $39,814,000 after buying an additional 369,780 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Agilysys by 12.3% in the first quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after buying an additional 217,008 shares in the last quarter. Geneva Capital Management LLC grew its holdings in shares of Agilysys by 19.9% during the fourth quarter. Geneva Capital Management LLC now owns 620,361 shares of the software maker’s stock valued at $52,619,000 after buying an additional 102,939 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of Agilysys by 13.8% during the first quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock valued at $60,920,000 after acquiring an additional 87,549 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AGYS has been the topic of several research analyst reports. William Blair began coverage on shares of Agilysys in a research report on Monday, June 24th. They set an “outperform” rating on the stock. StockNews.com cut Agilysys from a “buy” rating to a “hold” rating in a research note on Thursday. Oppenheimer lifted their price target on Agilysys from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. Finally, Needham & Company LLC increased their price objective on Agilysys from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Agilysys has a consensus rating of “Moderate Buy” and an average price target of $103.33.

Agilysys Company Profile

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.