Agilysys (NASDAQ:AGYS) CEO Ramesh Srinivasan Sells 66,205 Shares

Agilysys, Inc. (NASDAQ:AGYS) CEO Ramesh Srinivasan sold 66,205 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $109.63, for a total transaction of $7,258,054.15. Following the sale, the chief executive officer directly owned 741,249 shares of the company’s stock, valued at approximately $81,263,127.87. This represents a 8.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ramesh Srinivasan also recently made the following trade(s):

• On Friday, August 7th, Ramesh Srinivasan sold 25,000 shares of Agilysys stock. The stock was sold at an average price of $108.15, for a total transaction of $2,703,750.00.
• On Thursday, August 6th, Ramesh Srinivasan sold 106,205 shares of Agilysys stock. The stock was sold at an average price of $106.62, for a total transaction of $11,323,577.10.

Agilysys Stock Performance

Shares of AGYS stock traded up $1.00 during mid-day trading on Friday, reaching $108.58. 218,936 shares of the company’s stock traded hands, compared to its average volume of 352,480. The firm has a market capitalization of $3.06 billion, a PE ratio of 71.91 and a beta of 0.37. Agilysys, Inc. has a 12 month low of $61.50 and a 12 month high of $145.25. The firm has a 50 day moving average price of $99.82 and a two-hundred day moving average price of $84.56.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, July 27th. The software maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.09. Agilysys had a return on equity of 11.94% and a net margin of 12.99%.The company had revenue of $87.68 million for the quarter, compared to analysts’ expectations of $85.97 million. During the same period last year, the firm earned $0.33 EPS. Agilysys’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, equities analysts expect that Agilysys, Inc. will post 1.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Agilysys

Institutional investors have recently bought and sold shares of the stock. B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Agilysys in the fourth quarter valued at $2,622,000. Vanguard Group Inc. raised its stake in Agilysys by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 2,407,947 shares of the software maker’s stock valued at $286,160,000 after purchasing an additional 32,052 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Agilysys during the fourth quarter valued at $2,081,000. Jennison Associates LLC lifted its position in Agilysys by 20.7% during the fourth quarter. Jennison Associates LLC now owns 221,791 shares of the software maker’s stock valued at $26,358,000 after purchasing an additional 38,007 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Agilysys by 38.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 377,038 shares of the software maker’s stock worth $26,825,000 after buying an additional 103,752 shares in the last quarter. 88.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AGYS has been the topic of a number of recent analyst reports. Needham & Company LLC raised their target price on shares of Agilysys from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Oppenheimer restated an “outperform” rating and set a $118.00 target price on shares of Agilysys in a research note on Tuesday, July 28th. Zacks Research downgraded shares of Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Weiss Ratings raised shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Finally, UBS Group set a $110.00 price target on Agilysys in a report on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.60.

Agilysys Company Profile

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.