Agilysys (NASDAQ:AGYS) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Agilysys, Inc. (NASDAQ:AGYS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $115.59 and traded as high as $119.20. Agilysys shares last traded at $119.02, with a volume of 94,480 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AGYS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Agilysys in a report on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and issued a $140.00 price target on shares of Agilysys in a report on Monday, December 15th. UBS Group restated a “buy” rating on shares of Agilysys in a research report on Monday, December 15th. BTIG Research initiated coverage on Agilysys in a research report on Tuesday, December 16th. They set a “neutral” rating for the company. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $140.00 target price on shares of Agilysys in a research note on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $141.17.

Agilysys Price Performance

The firm has a market cap of $3.34 billion, a PE ratio of 138.40 and a beta of 0.43. The stock has a 50-day moving average price of $123.39 and a 200 day moving average price of $115.59.

Agilysys (NASDAQ:AGYS) last released its earnings results on Wednesday, June 5th. The software maker reported $0.21 earnings per share for the quarter. Agilysys had a return on equity of 11.22% and a net margin of 8.12%.The firm had revenue of $36.34 million for the quarter. As a group, equities research analysts anticipate that Agilysys, Inc. will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Agilysys

In related news, Director Donald A. Colvin sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $123.28, for a total value of $739,680.00. Following the sale, the director directly owned 24,592 shares of the company’s stock, valued at approximately $3,031,701.76. This trade represents a 19.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William David Wood III sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $115.55, for a total transaction of $693,300.00. Following the completion of the sale, the chief financial officer owned 41,288 shares of the company’s stock, valued at approximately $4,770,828.40. The trade was a 12.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 15,576 shares of company stock worth $1,882,370. 8.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AGYS. PNC Financial Services Group Inc. boosted its holdings in Agilysys by 6.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,456 shares of the software maker’s stock valued at $153,000 after acquiring an additional 88 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Agilysys by 5.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,853 shares of the software maker’s stock worth $195,000 after purchasing an additional 90 shares during the period. GAMMA Investing LLC lifted its stake in shares of Agilysys by 43.2% in the 2nd quarter. GAMMA Investing LLC now owns 305 shares of the software maker’s stock valued at $35,000 after purchasing an additional 92 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of Agilysys by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 8,407 shares of the software maker’s stock valued at $964,000 after purchasing an additional 94 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Agilysys by 14.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 785 shares of the software maker’s stock worth $90,000 after purchasing an additional 97 shares during the period. 88.00% of the stock is owned by hedge funds and other institutional investors.

Agilysys Company Profile

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.