Agilysys, Inc. (NASDAQ:AGYS) Director Mak Capital One Llc Sells 45,000 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Mak Capital One Llc sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $98.48, for a total value of $4,431,600.00. Following the completion of the transaction, the director now owns 1,253,407 shares of the company’s stock, valued at $123,435,521.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Mak Capital One Llc also recently made the following trade(s):

• On Friday, June 21st, Mak Capital One Llc sold 61,035 shares of Agilysys stock. The stock was sold at an average price of $96.43, for a total transaction of $5,885,605.05.
• On Friday, June 14th, Mak Capital One Llc sold 38,539 shares of Agilysys stock. The shares were sold at an average price of $90.85, for a total transaction of $3,501,268.15.
• On Wednesday, June 12th, Mak Capital One Llc sold 33,933 shares of Agilysys stock. The shares were sold at an average price of $92.75, for a total transaction of $3,147,285.75.
• On Monday, June 10th, Mak Capital One Llc sold 25,747 shares of Agilysys stock. The shares were sold at an average price of $92.88, for a total value of $2,391,381.36.
• On Friday, June 7th, Mak Capital One Llc sold 66,795 shares of Agilysys stock. The stock was sold at an average price of $93.80, for a total value of $6,265,371.00.
• On Wednesday, June 5th, Mak Capital One Llc sold 28,429 shares of Agilysys stock. The shares were sold at an average price of $95.44, for a total transaction of $2,713,263.76.
• On Monday, June 3rd, Mak Capital One Llc sold 47,562 shares of Agilysys stock. The shares were sold at an average price of $93.59, for a total transaction of $4,451,327.58.
• On Thursday, May 30th, Mak Capital One Llc sold 27,796 shares of Agilysys stock. The stock was sold at an average price of $94.59, for a total transaction of $2,629,223.64.
• On Tuesday, May 28th, Mak Capital One Llc sold 116,653 shares of Agilysys stock. The shares were sold at an average price of $100.12, for a total transaction of $11,679,298.36.
• On Friday, May 24th, Mak Capital One Llc sold 39,955 shares of Agilysys stock. The shares were sold at an average price of $103.34, for a total value of $4,128,949.70.

Agilysys Stock Up 1.8 %

Shares of NASDAQ AGYS opened at $101.89 on Friday. Agilysys, Inc. has a twelve month low of $63.08 and a twelve month high of $105.00. The business has a fifty day simple moving average of $91.79 and a two-hundred day simple moving average of $85.18. The firm has a market cap of $2.80 billion, a PE ratio of 32.24 and a beta of 0.78.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, May 13th. The software maker reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. The firm had revenue of $62.22 million for the quarter, compared to the consensus estimate of $61.95 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, research analysts expect that Agilysys, Inc. will post 0.69 earnings per share for the current year.

Institutional Trading of Agilysys

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wasatch Advisors LP grew its stake in Agilysys by 439.5% during the 1st quarter. Wasatch Advisors LP now owns 1,007,626 shares of the software maker’s stock worth $84,903,000 after buying an additional 820,840 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Agilysys by 159.4% in the 3rd quarter. Wellington Management Group LLP now owns 601,776 shares of the software maker’s stock valued at $39,814,000 after purchasing an additional 369,780 shares during the last quarter. Vanguard Group Inc. boosted its stake in Agilysys by 12.3% in the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock worth $166,530,000 after purchasing an additional 217,008 shares in the last quarter. Geneva Capital Management LLC grew its position in Agilysys by 19.9% during the 4th quarter. Geneva Capital Management LLC now owns 620,361 shares of the software maker’s stock worth $52,619,000 after purchasing an additional 102,939 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in Agilysys by 13.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 722,995 shares of the software maker’s stock valued at $60,920,000 after purchasing an additional 87,549 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AGYS. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research report on Tuesday. Oppenheimer lifted their price target on shares of Agilysys from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. Needham & Company LLC increased their price objective on shares of Agilysys from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, William Blair assumed coverage on shares of Agilysys in a research note on Monday. They issued an “outperform” rating for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $103.33.

About Agilysys

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.