Agilysys, Inc. (NASDAQ:AGYS - Get Free Report) Director Melvin L. Keating sold 1,920 shares of the firm's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $117.55, for a total value of $225,696.00. Following the completion of the sale, the director now directly owns 39,587 shares of the company's stock, valued at approximately $4,653,451.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Agilysys Trading Up 0.7 %
Shares of AGYS opened at $123.75 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.13 and a quick ratio of 1.07. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $125.96. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 35.26 and a beta of 0.85. The firm has a 50 day simple moving average of $108.71 and a 200-day simple moving average of $103.38.
Agilysys (NASDAQ:AGYS - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.04. Agilysys had a return on equity of 10.53% and a net margin of 37.54%. The company had revenue of $68.30 million during the quarter, compared to the consensus estimate of $67.54 million. During the same quarter last year, the business posted $0.25 earnings per share. Agilysys's revenue was up 16.6% compared to the same quarter last year. Equities analysts forecast that Agilysys, Inc. will post 0.81 EPS for the current fiscal year.
Institutional Trading of Agilysys
Bill Gates’s Next Big AI Bet: Stargate
From Brownstone Research | Ad
In February 2016… when almost nobody was talking about artificial intelligence….
I picked Nvidia as one of my favorite stocks.
Shares have jumped by more than 20,000% since then.
I believe we are about to do it again with this new AI project called Stargate
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake in shares of Agilysys by 91.6% during the 1st quarter. BNP Paribas Financial Markets now owns 33,190 shares of the software maker's stock worth $2,797,000 after purchasing an additional 15,870 shares during the last quarter. Swiss National Bank grew its stake in Agilysys by 1.1% in the 1st quarter. Swiss National Bank now owns 45,500 shares of the software maker's stock worth $3,834,000 after acquiring an additional 500 shares during the period. Sei Investments Co. raised its holdings in Agilysys by 6.1% in the 1st quarter. Sei Investments Co. now owns 41,437 shares of the software maker's stock valued at $3,492,000 after acquiring an additional 2,394 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Agilysys by 23.4% in the 1st quarter. Russell Investments Group Ltd. now owns 16,803 shares of the software maker's stock valued at $1,416,000 after acquiring an additional 3,183 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Agilysys by 8.2% during the 1st quarter. ProShare Advisors LLC now owns 4,077 shares of the software maker's stock worth $344,000 after purchasing an additional 309 shares during the period. Hedge funds and other institutional investors own 88.00% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $125.00 price target on shares of Agilysys in a report on Tuesday, October 29th. BTIG Research increased their target price on shares of Agilysys from $118.00 to $124.00 and gave the company a "buy" rating in a report on Tuesday, October 29th. Oppenheimer boosted their price target on Agilysys from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Tuesday. Northland Securities reaffirmed an "outperform" rating and issued a $145.00 price objective (up from $132.00) on shares of Agilysys in a research note on Tuesday, October 29th. Finally, Craig Hallum boosted their target price on Agilysys from $105.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Agilysys presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.80.
Get Our Latest Stock Analysis on AGYS
Agilysys Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
