Agilysys (NASDAQ:AGYS) Shares Down 4% After Insider Selling

Agilysys, Inc. (NASDAQ:AGYS) shares fell 4% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $131.99 and last traded at $132.21. 32,406 shares were traded during mid-day trading, a decline of 85% from the average session volume of 216,228 shares. The stock had previously closed at $137.72.

Specifically, Director John Mutch sold 500 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $137.86, for a total transaction of $68,930.00. Following the completion of the sale, the director now owns 34,654 shares in the company, valued at approximately $4,777,400.44. This represents a 1.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AGYS shares. Oppenheimer boosted their target price on Agilysys from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. BTIG Research upped their price objective on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday, October 29th. StockNews.com downgraded shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Northland Securities restated an “outperform” rating and set a $145.00 price target (up from $132.00) on shares of Agilysys in a report on Tuesday, October 29th. Finally, Needham & Company LLC lifted their price objective on Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Agilysys has a consensus rating of “Moderate Buy” and an average price target of $134.80.

Agilysys Stock Down 2.8 %

The firm’s 50-day simple moving average is $114.75 and its 200-day simple moving average is $107.15. 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 market capitalization of $3.74 billion, a price-to-earnings ratio of 38.15 and a beta of 0.85.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings data on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the firm earned $0.25 EPS. Sell-side analysts forecast that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AGYS. FMR LLC increased its position in shares of Agilysys by 1,197.1% during the 3rd quarter. FMR LLC now owns 505,690 shares of the software maker’s stock worth $55,105,000 after purchasing an additional 466,704 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Agilysys by 12.3% during 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. American Century Companies Inc. raised its stake in shares of Agilysys by 1,861.4% in the second quarter. American Century Companies Inc. now owns 221,109 shares of the software maker’s stock valued at $23,026,000 after acquiring an additional 209,836 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of Agilysys in the 2nd quarter worth approximately $21,039,000. Finally, Conestoga Capital Advisors LLC bought a new stake in Agilysys during the 2nd quarter worth approximately $16,546,000. 88.00% of the stock is owned by institutional investors.

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.