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

Agilysys, Inc. (NASDAQ:AGYSGet Free Report) insider Joe Ahmed Youssef Abdelrahman sold 1,002 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $114.64, for a total value of $114,869.28. Following the completion of the sale, the insider directly owned 19,045 shares in the company, valued at approximately $2,183,318.80. This trade represents a 5.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Agilysys Price Performance

NASDAQ:AGYS traded up $1.02 during midday trading on Wednesday, reaching $113.51. 239,421 shares of the company traded hands, compared to its average volume of 343,254. Agilysys, Inc. has a twelve month low of $61.50 and a twelve month high of $145.25. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 75.17 and a beta of 0.38. The company has a fifty day moving average price of $108.59 and a 200 day moving average price of $86.95.

Agilysys (NASDAQ:AGYSGet Free Report) last issued its quarterly earnings data 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 firm had revenue of $87.68 million during the quarter, compared to the consensus estimate of $85.97 million. During the same period in the prior year, the business earned $0.33 EPS. The firm’s revenue was up 14.3% on a year-over-year basis. On average, equities research analysts forecast that Agilysys, Inc. will post 1.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on AGYS. Oppenheimer restated an “outperform” rating and set a $118.00 price target on shares of Agilysys in a research report on Tuesday, July 28th. Weiss Ratings upgraded shares of Agilysys from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 13th. Piper Sandler boosted their target price on shares of Agilysys from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. UBS Group set a $110.00 target price on shares of Agilysys in a research report on Wednesday, June 3rd. Finally, Needham & Company LLC raised their price target on shares of Agilysys from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.60.

Get Our Latest Stock Report on Agilysys

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AGYS. Corient Private Wealth LP acquired a new position in shares of Agilysys during the second quarter valued at $254,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Agilysys in the second quarter worth about $261,000. California State Teachers Retirement System lifted its holdings in Agilysys by 10,080.9% in the second quarter. California State Teachers Retirement System now owns 3,201,880 shares of the software maker’s stock worth $334,596,000 after purchasing an additional 3,170,430 shares during the period. HB Wealth Management LLC grew its position in Agilysys by 3.4% in the 2nd quarter. HB Wealth Management LLC now owns 6,088 shares of the software maker’s stock valued at $636,000 after buying an additional 198 shares in the last quarter. Finally, Nykredit A S bought a new position in Agilysys in the 2nd quarter valued at about $142,000. Institutional investors and hedge funds own 88.00% of the company’s stock.

Agilysys Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Agilysys (NASDAQ:AGYS)

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