Agilysys, Inc. (NASDAQ:AGYS – Get Free Report) insider Chris J. Robertson sold 161 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $85.90, for a total value of $13,829.90. Following the completion of the transaction, the insider now directly owns 27,486 shares in the company, valued at $2,361,047.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Agilysys Price Performance

Shares of NASDAQ AGYS traded down $1.50 during mid-day trading on Tuesday, hitting $86.37. 153,523 shares of the stock traded hands, compared to its average volume of 150,425. The company has a market cap of $2.34 billion, a PE ratio of 183.77 and a beta of 0.83. Agilysys, Inc. has a twelve month low of $60.59 and a twelve month high of $91.61. The firm has a 50 day simple moving average of $78.91 and a two-hundred day simple moving average of $73.06.

Agilysys (NASDAQ:AGYS – Get Free Report) last issued its earnings results on Monday, October 23rd. The software maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $58.62 million during the quarter, compared to analyst estimates of $56.80 million. Agilysys had a return on equity of 23.72% and a net margin of 6.46%. The firm’s revenue was up 22.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. On average, equities research analysts anticipate that Agilysys, Inc. will post 0.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Agilysys

A number of hedge funds and other institutional investors have recently bought and sold shares of AGYS. JPMorgan Chase & Co. increased its holdings in shares of Agilysys by 22.6% in the first quarter. JPMorgan Chase & Co. now owns 15,435 shares of the software maker’s stock worth $616,000 after purchasing an additional 2,847 shares during the period. Bank of New York Mellon Corp increased its stake in Agilysys by 2.0% in the first quarter. Bank of New York Mellon Corp now owns 219,525 shares of the software maker’s stock valued at $8,754,000 after acquiring an additional 4,356 shares during the last quarter. Citigroup Inc. boosted its position in Agilysys by 2.6% during the first quarter. Citigroup Inc. now owns 18,889 shares of the software maker’s stock valued at $753,000 after buying an additional 487 shares during the period. MetLife Investment Management LLC boosted its position in Agilysys by 51.2% during the first quarter. MetLife Investment Management LLC now owns 11,027 shares of the software maker’s stock valued at $440,000 after buying an additional 3,732 shares during the period. Finally, Rhumbline Advisers boosted its position in Agilysys by 6.4% during the first quarter. Rhumbline Advisers now owns 51,494 shares of the software maker’s stock valued at $2,054,000 after buying an additional 3,116 shares during the period. Institutional investors own 97.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com raised Agilysys from a “hold” rating to a “buy” rating in a report on Tuesday, October 24th. TheStreet upgraded Agilysys from a “c” rating to a “b-” rating in a research report on Tuesday, October 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $92.00 target price on shares of Agilysys in a research note on Tuesday, October 24th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $88.40.

View Our Latest Stock Analysis on AGYS

About Agilysys (Get Free Report)

Agilysys, Inc, together with its subsidiaries, operates as a developer and marketer of hardware and software products and services to the hospitality industry in North America, Europe, the Asia-Pacific, and India. It offers point of sale, property management systems, inventory and procurement, payments, activity scheduling, reservations management, and related solutions to enhance guest experience.

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Original: MarketBeat News Feed: Chris J. Robertson Sells 161 Shares of Agilysys, Inc. (NASDAQ:AGYS) Stock