Kyle C. Badger Sells 249 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) SVP Kyle C. Badger sold 249 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $102.03, for a total value of $25,405.47. Following the sale, the senior vice president now directly owns 115,834 shares of the company’s stock, valued at $11,818,543.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Agilysys Stock Up 0.4 %

NASDAQ:AGYS traded up $0.37 during mid-day trading on Wednesday, hitting $104.02. 53,711 shares of the stock traded hands, compared to its average volume of 217,750. Agilysys, Inc. has a 12-month low of $63.78 and a 12-month high of $105.00. The company has a market cap of $2.86 billion, a PE ratio of 32.92 and a beta of 0.82. The business’s 50-day moving average price is $93.04 and its 200 day moving average price is $85.69.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.04. The firm had revenue of $62.22 million for the quarter, compared to analysts’ expectations of $61.95 million. Agilysys had a net margin of 36.30% and a return on equity of 15.52%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 earnings per share. Analysts anticipate that Agilysys, Inc. will post 0.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AGYS shares. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th. William Blair initiated coverage on shares of Agilysys in a research report on Monday, June 24th. They issued an “outperform” rating on the stock. Needham & Company LLC upped their price target on shares of Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Oppenheimer lifted their price objective on shares of Agilysys from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Agilysys has an average rating of “Moderate Buy” and a consensus price target of $103.33.

Institutional Trading of Agilysys

Large investors have recently modified their holdings of the business. RiverPark Advisors LLC lifted its stake in Agilysys by 53.2% during the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock worth $32,000 after purchasing an additional 133 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Agilysys by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 18,369 shares of the software maker’s stock worth $1,558,000 after buying an additional 146 shares during the last quarter. GAMMA Investing LLC boosted its stake in Agilysys by 162.1% in the second quarter. GAMMA Investing LLC now owns 249 shares of the software maker’s stock worth $26,000 after buying an additional 154 shares in the last quarter. Lazard Asset Management LLC grew its position in Agilysys by 6.2% during the first quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock valued at $294,000 after acquiring an additional 204 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its stake in shares of Agilysys by 2.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 11,791 shares of the software maker’s stock worth $1,000,000 after acquiring an additional 306 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

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.