Agilysys, Inc. (NASDAQ:AGYS) SVP Kyle C. Badger Sells 6,800 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS – Get Rating) SVP Kyle C. Badger sold 6,800 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $83.10, for a total transaction of $565,080.00. Following the completion of the transaction, the senior vice president now directly owns 110,218 shares of the company’s stock, valued at approximately $9,159,115.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Agilysys Stock Performance

Shares of NASDAQ:AGYS opened at $84.11 on Tuesday. Agilysys, Inc. has a fifty-two week low of $31.49 and a fifty-two week high of $87.86. The business has a 50-day simple moving average of $81.01 and a two-hundred day simple moving average of $66.60. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 205.15 and a beta of 0.94.

Agilysys (NASDAQ:AGYS – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The software maker reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $49.92 million during the quarter, compared to the consensus estimate of $48.12 million. Agilysys had a return on equity of 25.07% and a net margin of 6.51%. The firm’s revenue was up 26.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. As a group, research analysts predict that Agilysys, Inc. will post 0.62 earnings per share for the current year.

Institutional Trading of Agilysys

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in shares of Agilysys by 1.6% during the 1st quarter. BlackRock Inc. now owns 3,157,975 shares of the software maker’s stock worth $125,939,000 after buying an additional 50,734 shares in the last quarter. Nine Ten Capital Management LLC raised its stake in Agilysys by 3.8% in the second quarter. Nine Ten Capital Management LLC now owns 1,848,685 shares of the software maker’s stock valued at $87,387,000 after buying an additional 68,108 shares during the last quarter. Vanguard Group Inc. raised its stake in Agilysys by 3.9% in the third quarter. Vanguard Group Inc. now owns 1,716,952 shares of the software maker’s stock valued at $95,034,000 after buying an additional 64,115 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in Agilysys by 5.4% in the third quarter. Artisan Partners Limited Partnership now owns 1,421,306 shares of the software maker’s stock valued at $78,669,000 after buying an additional 73,378 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Agilysys by 72.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 929,473 shares of the software maker’s stock worth $73,559,000 after purchasing an additional 389,710 shares during the last quarter. Hedge funds and other institutional investors own 97.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BTIG Research raised their target price on shares of Agilysys from $83.00 to $95.00 in a research report on Wednesday, January 25th. Craig Hallum boosted their target price on shares of Agilysys from $80.00 to $100.00 in a research report on Wednesday, January 25th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $87.33.

Agilysys Company Profile

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Agilysys, Inc operates as a technology company. It offers innovative software for point-of-sale, payment gateway, reservation and table management, guest offers management, property management, inventory and procurement, analytics, document management, and mobile and wireless solutions and services to the hospitality industry.