William David Wood III Sells 163 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) CFO William David Wood III sold 163 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $102.03, for a total transaction of $16,630.89. Following the completion of the transaction, the chief financial officer now owns 50,228 shares of the company’s stock, valued at approximately $5,124,762.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Agilysys Trading Up 0.4 %

AGYS stock opened at $104.02 on Friday. Agilysys, Inc. has a one year low of $63.78 and a one year high of $105.00. The firm has a market capitalization of $2.86 billion, a PE ratio of 32.92 and a beta of 0.82. The firm has a 50-day moving average of $93.85 and a two-hundred day moving average of $85.95.

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

Institutional Trading of Agilysys

A number of hedge funds have recently made changes to their positions in AGYS. GSA Capital Partners LLP lifted its position in shares of Agilysys by 38.3% in the third quarter. GSA Capital Partners LLP now owns 28,373 shares of the software maker’s stock worth $1,877,000 after purchasing an additional 7,858 shares in the last quarter. Vawter Financial Ltd. purchased a new stake in shares of Agilysys in the third quarter worth approximately $245,000. Deutsche Bank AG lifted its position in shares of Agilysys by 8.0% in the third quarter. Deutsche Bank AG now owns 219,426 shares of the software maker’s stock worth $14,517,000 after purchasing an additional 16,180 shares in the last quarter. Wellington Management Group LLP increased 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. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Agilysys by 346.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 29,031 shares of the software maker’s stock worth $1,921,000 after buying an additional 22,527 shares during the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AGYS has been the subject of a number of recent analyst reports. William Blair initiated coverage on shares of Agilysys in a research report on Monday, June 24th. They issued an “outperform” rating for the company. Needham & Company LLC upped their price target on shares of Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Oppenheimer upped their price target on shares of Agilysys from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Finally, StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.