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 company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $96.68, for a total value of $725,100.00. Following the completion of the sale, the director now owns 233,076 shares of the company’s stock, valued at approximately $22,533,787.68. This trade represents a 3.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, January 21st, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $125.49, for a total value of $941,175.00.
• On Friday, January 17th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $128.17, for a total value of $961,275.00.
• On Wednesday, January 15th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.98, for a total value of $997,350.00.
• On Monday, January 13th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $126.26, for a total value of $946,950.00.
• On Friday, January 10th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $130.29, for a total value of $977,175.00.
• On Wednesday, January 8th, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The stock was sold at an average price of $132.04, for a total value of $990,300.00.
• 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 value of $977,550.00.
• On Thursday, January 2nd, Kaufman 2012 Descendants Trust sold 7,500 shares of Agilysys stock. The shares were sold at an average price of $130.55, for a total value of $979,125.00.

Agilysys Stock Performance

Shares of AGYS stock opened at $92.24 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.14 and a quick ratio of 1.07. Agilysys, Inc. has a fifty-two week low of $74.03 and a fifty-two week high of $142.64. The stock’s 50-day moving average is $130.27 and its two-hundred day moving average is $116.63. The firm has a market cap of $2.58 billion, a P/E ratio of 115.30 and a beta of 0.94.

Agilysys (NASDAQ:AGYS) last released its quarterly earnings results on Tuesday, January 21st. The software maker reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The company had revenue of $69.60 million during the quarter, compared to the consensus estimate of $73,149.20 billion. Agilysys had a return on equity of 9.38% and a net margin of 8.45%. The firm’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. Analysts predict that Agilysys, Inc. will post 0.81 earnings per share for the current fiscal year.

Institutional Trading of Agilysys

Large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in shares of Agilysys by 117.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 337 shares of the software maker’s stock worth $37,000 after acquiring an additional 182 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Agilysys by 66.7% during the 3rd quarter. GAMMA Investing LLC now owns 415 shares of the software maker’s stock worth $45,000 after acquiring an additional 166 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Agilysys during the 3rd quarter worth about $46,000. Harbor Investment Advisory LLC boosted its stake in shares of Agilysys by 109.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 370 shares of the software maker’s stock worth $49,000 after acquiring an additional 193 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Agilysys by 76.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 474 shares of the software maker’s stock worth $52,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 88.00% of the company’s stock.

Analyst Upgrades and Downgrades

AGYS has been the topic of several recent analyst reports. Northland Securities upped their price target on Agilysys from $145.00 to $186.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. BTIG Research upped their price target on Agilysys from $118.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Craig Hallum dropped their price target on Agilysys from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday. Needham & Company LLC dropped their price target on Agilysys from $145.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Oppenheimer dropped their price target on Agilysys from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Agilysys presently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

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.