Insider Buying: Agilysys (NASDAQ:AGYS) Director Acquires 300 Shares of Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Melvin Keating acquired 300 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The stock was bought at an average cost of $83.62 per share, for a total transaction of $25,086.00. Following the completion of the transaction, the director directly owned 35,007 shares of the company’s stock, valued at approximately $2,927,285.34. This trade represents a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Agilysys Stock Down 6.2%

Shares of NASDAQ AGYS traded down $5.51 during mid-day trading on Tuesday, reaching $83.74. 467,175 shares of the company were exchanged, compared to its average volume of 352,244. The stock has a market capitalization of $2.35 billion, a P/E ratio of 78.26 and a beta of 0.41. The company’s 50-day simple moving average is $116.41 and its 200-day simple moving average is $114.44. Agilysys, Inc. has a twelve month low of $63.71 and a twelve month high of $145.25.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Monday, January 26th. The software maker reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.04). Agilysys had a net margin of 9.79% and a return on equity of 10.71%. The company had revenue of $80.39 million during the quarter, compared to the consensus estimate of $79.07 million. During the same period in the prior year, the company earned $0.38 earnings per share. The firm’s revenue was up 15.6% compared to the same quarter last year. As a group, equities research analysts expect that Agilysys, Inc. will post 0.8 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on AGYS. Zacks Research downgraded shares of Agilysys from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Agilysys in a research report on Wednesday, January 21st. Oppenheimer increased their price target on Agilysys from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. UBS Group reaffirmed a “buy” rating on shares of Agilysys in a report on Monday, December 15th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $140.00 target price on shares of Agilysys in a report on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $145.40.

Institutional Trading of Agilysys

Large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. raised its stake in Agilysys by 30.1% during the first quarter. Advisors Asset Management Inc. now owns 688 shares of the software maker’s stock worth $50,000 after acquiring an additional 159 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Agilysys by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,395 shares of the software maker’s stock valued at $972,000 after purchasing an additional 569 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Agilysys by 125.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock worth $24,080,000 after purchasing an additional 184,402 shares in the last quarter. Jane Street Group LLC lifted its stake in Agilysys by 1,025.2% in the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock valued at $2,738,000 after purchasing an additional 34,395 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Agilysys by 43.2% in the second quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after buying an additional 92 shares in the last quarter. 88.00% of the stock is owned by institutional investors and hedge funds.

About Agilysys

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.