Joe Ahmed Youssef Abdelrahman Sells 1,002 Shares of Agilysys (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) insider Joe Ahmed Youssef Abdelrahman sold 1,002 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $114.64, for a total value of $114,869.28. Following the sale, the insider owned 19,045 shares of the company’s stock, valued at $2,183,318.80. This trade represents a 5.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Agilysys Trading Up 0.6%

NASDAQ AGYS opened at $114.15 on Friday. The business has a fifty day simple moving average of $109.35 and a 200 day simple moving average of $87.41. Agilysys, Inc. has a 12 month low of $61.50 and a 12 month high of $145.25. The firm has a market capitalization of $3.22 billion, a P/E ratio of 75.60 and a beta of 0.38.

Agilysys (NASDAQ:AGYS) last posted 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 net margin of 12.99% and a return on equity of 11.94%. The firm had revenue of $87.68 million for the quarter, compared to the consensus estimate of $85.97 million. During the same period in the previous year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, sell-side analysts predict that Agilysys, Inc. will post 1.73 EPS for the current fiscal year.

Institutional Trading of Agilysys

Several hedge funds have recently added to or reduced their stakes in AGYS. Caitong International Asset Management Co. Ltd grew its position 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 valued at $25,000 after acquiring an additional 172 shares during the period. Optiver Holding B.V. raised its holdings in shares of Agilysys by 700.0% in the 1st quarter. Optiver Holding B.V. now owns 456 shares of the software maker’s stock worth $32,000 after purchasing an additional 399 shares during the period. Los Angeles Capital Management LLC purchased a new position in Agilysys in the fourth quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC purchased a new position in Agilysys in the third quarter valued at approximately $43,000. Finally, Versant Capital Management Inc grew its holdings in Agilysys by 123.9% during the second quarter. Versant Capital Management Inc now owns 421 shares of the software maker’s stock valued at $44,000 after purchasing an additional 233 shares during the period. Institutional investors own 88.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on AGYS shares. Piper Sandler lifted their target price on shares of Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Zacks Research lowered Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings raised Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 13th. Needham & Company LLC lifted their price target on Agilysys from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, UBS Group set a $110.00 price objective on Agilysys in a research report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.60.

About Agilysys

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.