Key Points
- Director Donald Colvin sold 6,000 shares on Nov. 21 at an average price of $123.28 for proceeds of $739,680, reducing his holding to 24,592 shares — a 19.61% decline in his ownership stake.
- Analysts are bullish overall, with one Strong Buy, five Buy and one Hold rating, and an average price target of $138.67.
- Institutional ownership is high (≈88%) and several large funds (Nuveen, William Blair, Wellington, Goldman Sachs) have recently built or increased positions; Agilysys has a market cap of about $3.39 billion and a PE of 140.7.
Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) Director Donald Colvin sold 6,000 shares of the business's stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $123.28, for a total value of $739,680.00. Following the completion of the sale, the director owned 24,592 shares of the company's stock, valued at approximately $3,031,701.76. This trade represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Agilysys Stock Down 1.9%
Shares of AGYS stock opened at $121.00 on Tuesday. Agilysys, Inc. has a 12 month low of $63.71 and a 12 month high of $145.25. The business's 50 day moving average is $115.68 and its two-hundred day moving average is $111.16. The company has a market cap of $3.39 billion, a PE ratio of 140.70 and a beta of 0.66.
Agilysys (NASDAQ:AGYS - Get Free Report) last posted its quarterly earnings data on Wednesday, June 5th. The software maker reported $0.21 earnings per share (EPS) for the quarter. Agilysys had a net margin of 8.12% and a return on equity of 11.22%. The business had revenue of $36.34 million during the quarter. As a group, equities analysts expect that Agilysys, Inc. will post 0.8 EPS for the current fiscal year.
Institutional Trading of Agilysys
A number of institutional investors and hedge funds have recently modified their holdings of the company. Nuveen LLC acquired a new position in shares of Agilysys in the first quarter valued at $80,730,000. William Blair Investment Management LLC acquired a new position in shares of Agilysys in the 2nd quarter valued at $58,993,000. Wellington Management Group LLP lifted its holdings in shares of Agilysys by 75.9% during the 3rd quarter. Wellington Management Group LLP now owns 690,498 shares of the software maker's stock worth $72,675,000 after acquiring an additional 297,846 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Agilysys during the 1st quarter valued at about $16,343,000. Finally, Goldman Sachs Group Inc. increased its stake in Agilysys by 125.0% in the first quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker's stock valued at $24,080,000 after acquiring an additional 184,402 shares during the period. 88.00% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on AGYS shares. Oppenheimer reiterated an "outperform" rating on shares of Agilysys in a research note on Tuesday, October 28th. Wall Street Zen raised Agilysys from a "hold" rating to a "buy" rating in a research report on Saturday, November 1st. Cantor Fitzgerald reissued an "overweight" rating and issued a $140.00 price objective on shares of Agilysys in a research report on Tuesday, October 28th. Needham & Company LLC raised their price objective on shares of Agilysys from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, October 28th. Finally, UBS Group set a $155.00 target price on shares of Agilysys in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $138.67.
Read Our Latest Stock Report on AGYS
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.
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