Agilysys, Inc. (NASDAQ:AGYS – Get Free Report) CEO Ramesh Srinivasan sold 25,000 shares of Agilysys stock in a transaction on Friday, August 7th. The stock was sold at an average price of $108.15, for a total value of $2,703,750.00. Following the transaction, the chief executive officer directly owned 610,044 shares of the company’s stock, valued at approximately $65,976,258.60. This represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Ramesh Srinivasan also recently made the following trade(s):
- 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 value of $11,323,577.10.
- On Wednesday, August 5th, Ramesh Srinivasan sold 66,205 shares of Agilysys stock. The stock was sold at an average price of $109.63, for a total transaction of $7,258,054.15.
Agilysys Stock Performance
NASDAQ AGYS traded up $1.00 during trading hours on Friday, reaching $108.58. The company’s stock had a trading volume of 218,936 shares, compared to its average volume of 352,480. The stock has a market cap of $3.06 billion, a PE ratio of 71.91 and a beta of 0.37. Agilysys, Inc. has a fifty-two week low of $61.50 and a fifty-two week high of $145.25. The company’s 50-day moving average is $99.82 and its two-hundred day moving average is $84.56.
Analysts Set New Price Targets
AGYS has been the topic of several recent analyst reports. Needham & Company LLC increased their price objective on shares of Agilysys from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. UBS Group set a $110.00 price target on shares of Agilysys in a report on Wednesday, June 3rd. Cantor Fitzgerald restated an “overweight” rating on shares of Agilysys in a report on Tuesday, July 28th. Piper Sandler increased their target price on Agilysys from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Finally, Zacks Research cut Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $123.60.
Get Our Latest Stock Analysis on Agilysys
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of AGYS. Advisors Asset Management Inc. grew 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 buying an additional 159 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Agilysys by 4.4% in 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 acquiring an additional 569 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Agilysys by 125.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 331,953 shares of the software maker’s stock valued at $24,080,000 after acquiring an additional 184,402 shares during the period. Jane Street Group LLC lifted its holdings in shares of Agilysys by 1,025.2% during the 1st quarter. Jane Street Group LLC now owns 37,750 shares of the software maker’s stock valued at $2,738,000 after acquiring an additional 34,395 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Agilysys during the 2nd quarter valued at $231,000. Hedge funds and other institutional investors own 88.00% of the company’s stock.
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.
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