Mak Capital One Llc Sells 28,429 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYSGet Free Report) Director Mak Capital One Llc sold 28,429 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $95.44, for a total value of $2,713,263.76. Following the transaction, the director now owns 1,677,570 shares in the company, valued at $160,107,280.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, June 3rd, Mak Capital One Llc sold 47,562 shares of Agilysys stock. The stock was sold at an average price of $93.59, for a total value of $4,451,327.58.
  • On Thursday, May 30th, Mak Capital One Llc sold 27,796 shares of Agilysys stock. The shares were sold at an average price of $94.59, for a total value 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 value 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 transaction of $4,128,949.70.

Agilysys Price Performance

NASDAQ AGYS opened at $95.03 on Friday. The company’s fifty day moving average is $88.30 and its two-hundred day moving average is $84.37. Agilysys, Inc. has a 52-week low of $63.08 and a 52-week high of $105.00. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 30.07 and a beta of 0.78.

Agilysys (NASDAQ:AGYSGet Free Report) last released its earnings results on Monday, May 13th. The software maker reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. The business had revenue of $62.22 million for the quarter, compared to the consensus estimate of $61.95 million. Agilysys had a return on equity of 15.52% and a net margin of 36.30%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share. As a group, sell-side analysts expect that Agilysys, Inc. will post 0.64 earnings per share for the current fiscal year.

Institutional Trading of Agilysys

A number of institutional investors and hedge funds have recently modified their holdings of AGYS. Arizona State Retirement System boosted its stake in Agilysys by 2.0% during the third quarter. Arizona State Retirement System now owns 6,502 shares of the software maker’s stock worth $430,000 after buying an additional 129 shares in the last quarter. RiverPark Advisors LLC increased its stake in Agilysys by 53.2% in the fourth quarter. RiverPark Advisors LLC now owns 383 shares of the software maker’s stock valued at $32,000 after acquiring an additional 133 shares during the period. Exchange Traded Concepts LLC raised its position in Agilysys by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 18,369 shares of the software maker’s stock worth $1,558,000 after purchasing an additional 146 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Agilysys by 6.2% during the first quarter. Lazard Asset Management LLC now owns 3,490 shares of the software maker’s stock worth $294,000 after purchasing an additional 204 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its holdings in Agilysys by 2.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 11,791 shares of the software maker’s stock valued at $1,000,000 after purchasing an additional 306 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AGYS has been the subject of a number of research analyst reports. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Oppenheimer boosted their price objective on Agilysys from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 14th. Finally, Needham & Company LLC increased their target price on Agilysys from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $103.33.

Read Our Latest Research Report on Agilysys

About Agilysys

(Get Free Report)

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.

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