Agilysys (NASDAQ:AGYS) Insider Joe Ahmed Youssef Abdelrahman Sells 1,002 Shares

Agilysys, Inc. (NASDAQ:AGYS) insider Joe Ahmed Youssef Abdelrahman sold 1,002 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $114.64, for a total value of $114,869.28. Following the transaction, the insider directly owned 19,045 shares of the company’s stock, valued at $2,183,318.80. This represents a 5.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Agilysys Stock Performance

NASDAQ AGYS opened at $113.51 on Thursday. Agilysys, Inc. has a 52 week low of $61.50 and a 52 week high of $145.25. The stock’s 50 day moving average price is $109.02 and its two-hundred day moving average price is $87.18. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 75.17 and a beta of 0.38.

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

Analyst Ratings Changes

Several research firms have recently weighed in on AGYS. Oppenheimer restated an “outperform” rating and set a $118.00 price objective on shares of Agilysys in a research note on Tuesday, July 28th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th. UBS Group set a $110.00 target price on Agilysys in a research report on Wednesday, June 3rd. Piper Sandler lifted their price target on Agilysys from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Finally, Needham & Company LLC increased their price objective on Agilysys from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $124.60.

Hedge Funds Weigh In On Agilysys

Hedge funds have recently modified their holdings of the company. ProShare Advisors LLC grew its holdings in shares of Agilysys by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 5,023 shares of the software maker’s stock valued at $597,000 after acquiring an additional 153 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings 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 during the period. Glenmede Trust Co. NA boosted its position in Agilysys by 3.1% in the first quarter. Glenmede Trust Co. NA now owns 5,518 shares of the software maker’s stock worth $393,000 after purchasing an additional 165 shares during the last quarter. NewEdge Advisors LLC boosted its position in Agilysys by 4.5% in the fourth quarter. NewEdge Advisors LLC now owns 3,947 shares of the software maker’s stock worth $469,000 after purchasing an additional 170 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in Agilysys by 419.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 213 shares of the software maker’s stock valued at $25,000 after purchasing an additional 172 shares during the period. Institutional investors own 88.00% of the company’s stock.

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.