Kaufman 2012 Descendants Trust Sells 7,500 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock

Agilysys, Inc. (NASDAQ:AGYS) Director Kaufman 2012 Descendants Trust sold 7,500 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $130.55, for a total transaction of $979,125.00. Following the sale, the director now directly owns 330,576 shares of the company’s stock, valued at approximately $43,156,696.80. This trade represents a 2.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kaufman 2012 Descendants Trust also recently made the following trade(s):

• On Monday, January 6th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.34, for a total transaction of $977,550.00.

Agilysys Stock Performance

NASDAQ AGYS opened at $134.56 on Thursday. The company has a market cap of $3.76 billion, a P/E ratio of 38.34 and a beta of 0.94. The business’s 50 day moving average price is $128.87 and its 200-day moving average price is $115.16. Agilysys, Inc. has a fifty-two week low of $73.52 and a fifty-two week high of $142.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.07 and a current ratio of 1.13.

Agilysys (NASDAQ:AGYS) last announced its earnings results on Monday, October 28th. The software maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.04. Agilysys had a net margin of 37.54% and a return on equity of 10.53%. The business had revenue of $68.30 million for the quarter, compared to the consensus estimate of $67.54 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. Sell-side analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

AGYS has been the subject of several research reports. Northland Securities increased their price objective on shares of Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a report on Tuesday. Needham & Company LLC increased their price target on Agilysys from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Friday, November 15th. BTIG Research lifted their price objective on Agilysys from $118.00 to $124.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. StockNews.com downgraded Agilysys from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Oppenheimer boosted their price target on shares of Agilysys from $135.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Larson Financial Group LLC purchased a new stake in shares of Agilysys in the second quarter worth approximately $32,000. Advisors Asset Management Inc. grew its position in Agilysys by 117.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock valued at $37,000 after acquiring an additional 182 shares during the last quarter. GAMMA Investing LLC increased its stake in Agilysys by 66.7% in the third quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after purchasing an additional 166 shares during the period. NBC Securities Inc. bought a new stake in shares of Agilysys during the third quarter worth $46,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Agilysys by 76.2% during the third quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock valued at $52,000 after purchasing an additional 205 shares during the period. Hedge funds and other institutional investors own 88.00% of the company’s stock.

Agilysys Company Profile

Agilysys, Inc operates as a developer and marketer of software-enabled solutions and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers software solutions fully integrated with third party hardware and operating systems; cloud applications, support, and maintenance; subscription and maintenance; and professional services.