Agilysys (NASDAQ:AGYS) Stock: Insider William David Wood III Sells 961 Shares

Agilysys, Inc. (NASDAQ:AGYS) CFO William Wood, III sold 961 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $116.00, for a total transaction of $111,476.00. Following the completion of the sale, the chief financial officer directly owned 35,872 shares in the company, valued at $4,161,152. This trade represents a 2.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

William David Wood III also recently made the following trade(s):

• On Tuesday, August 18th, William Wood, III sold 6,000 shares of Agilysys stock. The stock was sold at an average price of $114.72, for a total value of $688,320.00.

Agilysys Stock Performance

NASDAQ:AGYS opened at $122.28 on Thursday. The firm has a 50-day simple moving average of $108.86 and a 200-day simple moving average of $92.37. The firm has a market cap of $3.45 billion, a P/E ratio of 78.38, a P/E/G ratio of 3.27 and a beta of 0.40. Agilysys, Inc. has a one year low of $61.50 and a one year high of $133.32.

Agilysys (NASDAQ:AGYS) last issued its quarterly earnings data on Monday, October 26th. The software maker reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.12. The firm had revenue of $93.36 million for the quarter, compared to the consensus estimate of $90.92 million. Agilysys had a net margin of 12.88% and a return on equity of 12.98%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, research analysts predict that Agilysys, Inc. will post 1.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Calamos Advisors LLC acquired a new stake in shares of Agilysys during the third quarter worth $478,000. Covestor Ltd boosted its holdings in shares of Agilysys by 511.8% during the 3rd quarter. Covestor Ltd now owns 673 shares of the software maker’s stock worth $65,000 after buying an additional 563 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its position in shares of Agilysys by 36.0% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 393 shares of the software maker’s stock valued at $38,000 after acquiring an additional 104 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Agilysys by 39.6% during the 3rd quarter. Park Avenue Securities LLC now owns 4,948 shares of the software maker’s stock worth $480,000 after purchasing an additional 1,403 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Agilysys by 834.4% during the third quarter. Sterling Capital Management LLC now owns 869 shares of the software maker’s stock worth $84,000 after purchasing an additional 776 shares during the period. Institutional investors and hedge funds own 88.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on AGYS shares. Needham & Company LLC boosted their target price on shares of Agilysys from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, October 27th. Piper Sandler lifted their target price on shares of Agilysys from $120.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, October 27th. Cantor Fitzgerald reissued an “overweight” rating on shares of Agilysys in a research note on Tuesday, July 28th. Zacks Research downgraded Agilysys from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $135.00 price target (up from $118.00) on shares of Agilysys in a research note on Tuesday, October 27th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $141.25.

About Agilysys

Agilysys, Inc develops and provides hospitality technology for hotels, resorts, casinos, cruise lines and other guest-focused businesses. Its software and services are designed to help operators manage core property functions, improve guest experiences and streamline food, beverage and retail operations.

The company’s product portfolio includes property-management systems, point-of-sale solutions, inventory and procurement tools, payment services, guest-facing applications, mobile ordering and resort-management software.