Agilysys (NASDAQ:AGYS) Shares Gap Down After Insider Selling

Agilysys, Inc. (NASDAQ:AGYS) shares gapped down prior to trading on Wednesday after an insider sold shares in the company. The stock had previously closed at $125.90, but opened at $95.00. Agilysys shares last traded at $100.30, with a volume of 289,361 shares.

Specifically, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $125.49, for a total value of $941,175.00. Following the sale, the director now owns 248,076 shares in the company, valued at $31,131,057.24. This represents a 2.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $128.17, for a total value of $961,275.00. Following the transaction, the director now directly owns 255,576 shares in the company, valued at approximately $32,757,175.92. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Craig Hallum lowered their price target on Agilysys from $125.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday. Northland Securities lifted their price target on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. StockNews.com cut shares of Agilysys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Needham & Company LLC cut their target price on shares of Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Oppenheimer cut their target price on shares of Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Agilysys Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. The company has a market cap of $2.81 billion, a P/E ratio of 28.68 and a beta of 0.94. The stock has a fifty day moving average price of $131.84 and a two-hundred day moving average price of $116.90.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings data on Tuesday, January 21st. The software maker reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $69.60 million for the quarter, compared to analyst estimates of $73,149.20 billion. During the same quarter last year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, equities analysts forecast that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. US Bancorp DE grew its position in Agilysys by 11.2% in the third quarter. US Bancorp DE now owns 1,216 shares of the software maker’s stock worth $133,000 after buying an additional 122 shares during the last quarter. GAMMA Investing LLC grew its position 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 during the last quarter. Blue Trust Inc. grew its position in Agilysys by 18.9% in the fourth quarter. Blue Trust Inc. now owns 1,130 shares of the software maker’s stock worth $149,000 after buying an additional 180 shares during the last quarter. Advisors Asset Management Inc. grew its position in Agilysys by 117.4% in the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its position in Agilysys by 109.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after buying an additional 193 shares during the last quarter. Institutional investors and hedge funds 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.