Key Points
- Chris Robertson, an Agilysys insider, sold 500 shares on November 12 at an average price of $131.34 for $65,670, reducing his direct holding to 687 shares (a 42.12% decrease); the transaction was disclosed in an SEC filing.
- AGYS traded around $127.36 mid-day, has a market capitalization of $3.57 billion and a P/E of 147.40, with a 52‑week range of $63.71–$145.25 and 50/200‑day moving averages near $113.66 and $108.38.
- Analysts have mostly upgraded the stock recently, giving a consensus rating of Buy and an average price target of $138.67, while institutional investors own about 88% of the company and several large funds (Vanguard, Wellington) increased their stakes.
Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) insider Chris Robertson sold 500 shares of the business's stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $131.34, for a total value of $65,670.00. Following the completion of the transaction, the insider directly owned 687 shares of the company's stock, valued at approximately $90,230.58. This trade represents a 42.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Agilysys Stock Performance
Shares of AGYS stock traded up $1.88 during mid-day trading on Friday, reaching $127.36. 61,921 shares of the company were exchanged, compared to its average volume of 286,326. The company has a market capitalization of $3.57 billion, a P/E ratio of 147.40 and a beta of 0.66. Agilysys, Inc. has a fifty-two week low of $63.71 and a fifty-two week high of $145.25. The business's 50 day simple moving average is $113.66 and its 200 day simple moving average is $108.38.
Agilysys (NASDAQ:AGYS - Get Free Report) last issued its earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share for the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. The firm had revenue of $36.34 million during the quarter. On average, analysts forecast that Agilysys, Inc. will post 0.8 EPS for the current year.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on AGYS shares. Needham & Company LLC lifted their target price on Agilysys from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Agilysys in a report on Wednesday, October 8th. Zacks Research upgraded shares of Agilysys from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 30th. Wall Street Zen upgraded Agilysys from a "hold" rating to a "buy" rating in a research report on Saturday, November 1st. Finally, UBS Group set a $155.00 target price on Agilysys in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $138.67.
Check Out Our Latest Stock Analysis on AGYS
Hedge Funds Weigh In On Agilysys
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Agilysys by 3.3% in the third quarter. Vanguard Group Inc. now owns 2,375,895 shares of the software maker's stock valued at $250,063,000 after purchasing an additional 76,886 shares during the last quarter. Nuveen LLC purchased a new stake in Agilysys in the 1st quarter worth about $80,730,000. Wasatch Advisors LP increased its holdings in Agilysys by 5.3% in the 2nd quarter. Wasatch Advisors LP now owns 1,004,918 shares of the software maker's stock worth $115,204,000 after acquiring an additional 50,536 shares during the last quarter. Geneva Capital Management LLC lifted its holdings in Agilysys by 6.7% during the second quarter. Geneva Capital Management LLC now owns 816,637 shares of the software maker's stock valued at $93,619,000 after purchasing an additional 51,274 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Agilysys by 75.9% during the third quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker's stock valued at $72,675,000 after purchasing an additional 297,846 shares during the last quarter. Hedge funds and other institutional investors own 88.00% of the company's stock.
Agilysys Company Profile
(
Get Free Report)
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.
Further Reading
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