John Mutch Sells 500 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director John Mutch sold 500 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $137.86, for a total transaction of $68,930.00. Following the completion of the transaction, the director now owns 34,654 shares in the company, valued at approximately $4,777,400.44. This trade represents a 1.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

John Mutch also recently made the following trade(s):

• On Tuesday, November 5th, John Mutch sold 500 shares of Agilysys stock. The shares were sold at an average price of $104.24, for a total transaction of $52,120.00.
• On Thursday, August 29th, John Mutch sold 1,000 shares of Agilysys stock. The shares were sold at an average price of $113.69, for a total transaction of $113,690.00.

Agilysys Stock Performance

Shares of Agilysys stock opened at $133.89 on Thursday. The company has a 50 day moving average of $114.75 and a 200-day moving average of $107.15. Agilysys, Inc. has a 1-year low of $73.52 and a 1-year high of $139.99. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.74 billion, a PE ratio of 38.15 and a beta of 0.85.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AGYS. Oppenheimer upped their price target on shares of Agilysys from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com lowered shares of Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Needham & Company LLC increased their target price on shares of Agilysys from $125.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. BTIG Research increased their target price on shares of Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, Northland Securities restated an “outperform” rating and set a $145.00 target price (up previously from $132.00) on shares of Agilysys in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.80.

Institutional Trading of Agilysys

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Agilysys by 12.3% in the 1st quarter. Vanguard Group Inc. now owns 1,976,386 shares of the software maker’s stock valued at $166,530,000 after purchasing an additional 217,008 shares during the last quarter. Fred Alger Management LLC lifted its stake in Agilysys by 1.9% in the 2nd quarter. Fred Alger Management LLC now owns 938,058 shares of the software maker’s stock valued at $97,689,000 after purchasing an additional 17,898 shares during the last quarter. State Street Corp lifted its stake in Agilysys by 5.0% in the 3rd quarter. State Street Corp now owns 918,823 shares of the software maker’s stock valued at $100,124,000 after purchasing an additional 43,760 shares during the last quarter. Geneva Capital Management LLC lifted its stake in Agilysys by 0.4% in the 3rd quarter. Geneva Capital Management LLC now owns 675,386 shares of the software maker’s stock valued at $73,597,000 after purchasing an additional 2,687 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Agilysys by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 528,615 shares of the software maker’s stock valued at $57,614,000 after purchasing an additional 30,655 shares during the last quarter. Institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

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.