Key Points
- Agilysys director Donald Colvin sold 3,000 shares for $375,750, at an average price of $125.25. The transaction reduced his stake by 11.73%, leaving him with 22,565 shares.
- Agilysys reported quarterly earnings of $0.67 per share, beating the $0.55 consensus estimate, while revenue rose 17.7% year over year to $93.36 million.
- Analysts give the stock a “Moderate Buy” consensus, with an average price target of $141.25; shares recently traded at $121.59.
Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) Director Donald Colvin sold 3,000 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $125.25, for a total transaction of $375,750.00. Following the completion of the transaction, the director owned 22,565 shares in the company, valued at $2,826,266.25. This trade represents a 11.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Agilysys Price Performance
NASDAQ:AGYS opened at $121.59 on Friday. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 81.22, a price-to-earnings-growth ratio of 3.37 and a beta of 0.40. Agilysys, Inc. has a one year low of $61.50 and a one year high of $129.52. The business has a fifty day moving average price of $109.63 and a 200-day moving average price of $92.74.
Agilysys (NASDAQ:AGYS - Get Free Report) last issued its quarterly earnings results on Monday, October 26th. The software maker reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.12. Agilysys had a net margin of 12.88% and a return on equity of 12.98%. The business had revenue of $93.36 million for the quarter, compared to the consensus estimate of $90.92 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The company's revenue for the quarter was up 17.7% on a year-over-year basis. On average, equities research analysts expect that Agilysys, Inc. will post 1.83 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Weiss Ratings raised Agilysys from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, October 30th. Wall Street Zen raised Agilysys from a "hold" rating to a "buy" rating in a research note on Saturday, October 31st. Cantor Fitzgerald reissued an "overweight" rating on shares of Agilysys in a report on Tuesday, July 28th. Piper Sandler upped their price target on Agilysys from $120.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 27th. Finally, Oppenheimer restated an "outperform" rating and issued a $135.00 price target (up from $118.00) on shares of Agilysys in a research note on Tuesday, October 27th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $141.25.
Check Out Our Latest Stock Report on Agilysys
Institutional Trading of Agilysys
Institutional investors and hedge funds have recently bought and sold shares of the stock. Benjamin Edwards Inc. boosted its holdings in shares of Agilysys by 73.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 5,689 shares of the software maker's stock valued at $552,000 after purchasing an additional 2,409 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Agilysys by 1,591.0% in the third quarter. First Trust Advisors LP now owns 55,481 shares of the software maker's stock worth $5,386,000 after purchasing an additional 52,200 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Agilysys in the third quarter worth about $118,000. Stephens Investment Management Group LLC increased its holdings in shares of Agilysys by 1.1% in the third quarter. Stephens Investment Management Group LLC now owns 176,244 shares of the software maker's stock worth $17,110,000 after purchasing an additional 1,881 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Agilysys by 59.3% in the third quarter. Public Sector Pension Investment Board now owns 139,608 shares of the software maker's stock worth $13,553,000 after buying an additional 51,993 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.
About Agilysys
(
Get Free Report)
Agilysys, Inc. develops software and technology solutions for the hospitality industry. Its products support hotels, resorts, casinos, restaurants, cruise lines, and other organizations that serve guests. The company's offerings include property management and point-of-sale systems, as well as tools for inventory and procurement, guest engagement, payments, and operational analytics. Agilysys also provides implementation, support, and other services related to its software. Founded in 1963, Agilysys is headquartered in Alpharetta, Georgia, and serves hospitality businesses in North America and international markets.
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