Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust Sells 7,500 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $132.04, for a total transaction of $990,300.00. Following the sale, the director now directly owns 300,576 shares of the company’s stock, valued at $39,688,055.04. The trade was a 2.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Kaufman 2012 Descendants Trust also recently made the following trade(s):

• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.29, for a total transaction of $977,175.00.
• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.34, for a total transaction of $977,550.00.
• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.55, for a total transaction of $979,125.00.

Agilysys Trading Down 4.8 %

NASDAQ AGYS opened at $128.08 on Friday. Agilysys, Inc. has a one year low of $73.52 and a one year high of $142.64. The firm has a 50 day simple moving average of $130.08 and a 200-day simple moving average of $115.50. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 36.49 and a beta of 0.94. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13.

Agilysys (NASDAQ:AGYS) last posted its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts anticipate that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.

Institutional Investors Weigh In On Agilysys

Several large investors have recently bought and sold shares of AGYS. Advisors Asset Management Inc. grew its position in shares of Agilysys by 117.4% during the third quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after buying an additional 182 shares in the last quarter. GAMMA Investing LLC lifted its stake in Agilysys by 66.7% in the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after acquiring an additional 166 shares during the last quarter. NBC Securities Inc. acquired a new position in Agilysys during the 3rd quarter worth approximately $46,000. Exchange Traded Concepts LLC increased its position in shares of Agilysys by 76.2% in the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after purchasing an additional 205 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Agilysys by 169.2% in the 3rd quarter. CWM LLC now owns 673 shares of the software maker’s stock valued at $73,000 after purchasing an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AGYS shares. BTIG Research upped their price objective on shares of Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Needham & Company LLC increased their price target on shares of Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Oppenheimer lifted their price target on shares of Agilysys from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.com lowered Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Northland Securities raised their target price on Agilysys from $145.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $146.00.

About Agilysys

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.