Key Points
- Agilysys CFO William David Wood III sold 6,000 shares at an average price of $114.72, for proceeds of $688,320. The sale reduced his position by 14.62%, leaving him with 35,052 shares.
- Agilysys reported quarterly EPS of $0.49, beating analyst expectations of $0.40, while revenue rose 14.3% year over year to $87.68 million.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $124.60; institutional investors own approximately 88% of the stock.
Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) CFO William David Wood III sold 6,000 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $114.72, for a total value of $688,320.00. Following the sale, the chief financial officer owned 35,052 shares in the company, valued at $4,021,165.44. The trade was a 14.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Agilysys Stock Performance
Shares of NASDAQ AGYS opened at $116.71 on Thursday. The stock has a 50 day moving average price of $103.66 and a 200 day moving average price of $85.11. Agilysys, Inc. has a 52 week low of $61.50 and a 52 week high of $145.25. The stock has a market capitalization of $3.29 billion, a PE ratio of 77.29 and a beta of 0.37.
Agilysys (NASDAQ:AGYS - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The software maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.09. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.The company had revenue of $87.68 million for the quarter, compared to analysts' expectations of $85.97 million. During the same quarter in the prior year, the business posted $0.33 EPS. The business's revenue was up 14.3% compared to the same quarter last year. As a group, research analysts forecast that Agilysys, Inc. will post 1.73 EPS for the current year.
Hedge Funds Weigh In On Agilysys
Several large investors have recently modified their holdings of AGYS. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Agilysys by 419.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker's stock worth $25,000 after buying an additional 172 shares during the period. Optiver Holding B.V. raised its holdings in Agilysys by 700.0% in the 1st quarter. Optiver Holding B.V. now owns 456 shares of the software maker's stock valued at $32,000 after acquiring an additional 399 shares during the period. Los Angeles Capital Management LLC bought a new position in Agilysys in the 4th quarter valued at about $34,000. Measured Wealth Private Client Group LLC acquired a new stake in Agilysys during the third quarter worth approximately $43,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Agilysys by 123.9% during the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker's stock worth $44,000 after acquiring an additional 233 shares during the period. 88.00% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. UBS Group set a $110.00 price objective on shares of Agilysys in a research report on Wednesday, June 3rd. Weiss Ratings upgraded shares of Agilysys from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, July 13th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Agilysys in a report on Tuesday, July 28th. Zacks Research downgraded Agilysys from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Finally, Piper Sandler upped their price objective on Agilysys from $110.00 to $120.00 and gave the company an "overweight" rating in a research note on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Agilysys presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.60.
Check Out Our Latest Analysis on AGYS
About Agilysys
(
Get Free Report)
Agilysys, Inc is a publicly traded technology company (NASDAQ: AGYS) that specializes in providing software and services to the hospitality industry. The company's solutions span property management, point-of-sale, inventory and procurement, workforce management, analytics and mobile guest engagement. These offerings are designed to streamline hotel and resort operations, enhance guest experiences and improve financial performance for clients across the lodging, gaming, cruise, senior living and higher-education markets.
Agilysys delivers its portfolio through both cloud-based and on-premises deployments, enabling hoteliers and hospitality operators to select the infrastructure model that best aligns with their operational requirements and IT strategies.
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